Michael J. Fox Parkinson's Group Gunning for Mega-Merger
Michael J. FoxParkinson's GroupGunning for Mega-Merger
1/8/2015 10:58 AM PT
Michael J. Fox's famous Parkinson's Foundation is asking a judge to give the green light for a big merger with the Michael Stern Parkinson's Research Foundation.
Think of this as American Airlines merging with a regional carrier. Fox's foundation has nearly $120 million in asset, and the Stern foundation only has around $2 million. But based on the court documents -- obtained by TMZ -- it looks like Fox's group thinks the Stern group has some promising research that can help toward finding a cure.
Michael Stern was a reporter for The New York Journal. He died in 2009.