J. Howard Marshall III

James Howard Marshall III (born February 6, 1936) is president and owner of MDH Industries, an electronics company based in Monrovia, California. He is the eldest son of J. Howard Marshall II, who owned 16% of Koch Industries.

Conflict with his father At his wedding in 1974, Marshall III and his brother, E. Pierce Marshall, were each given shares representing a 4% stake in Koch Industries by their father, J. Howard Marshall II, who said "these are the crown jewels, take care of them."

In 1980, the four sons of Fred C. Koch fought over control of Koch Industries, founded by their father. Marshall III sided with Bill Koch and Frederick R. Koch, while J. Howard Marshall II and E. Pierce Marshall sided with Charles Koch and David Koch. He also sued Koch Industries and Charles and David Koch.

In March 2001, a Texas probate jury found that J. Howard's will and trust were valid and had not been executed under fraud or malice, Pierce had not committed any wrongdoing, and that Marshall III and his father's widow, Anna Nicole Smith, were not entitled to any part of his estate. Further, the jury found Marshall III had committed fraud with actual malice for filing the lawsuit and forced Marshall III to pay his brother $35 million plus legal fees at a time when Marshall III claimed his net worth was $26 million. Even though the award was reduced to $11 million plus legal fees, Marshall III filed bankruptcy on July 11, 2002.

In popular culture J. Howard Marshall III played himself in The Life and Death of Anna Nicole, a TV movie documentary released in 2007, and was featured in a 2001 episode of E! True Hollywood Story.