Vic Liberals get partial win in funds spat

Liberal state president Michael Kroger has had a partial victory over the Cormack Foundation

The Victorian Liberal Party has had a partial victory in its legal stoush with its biggest donor the Cormack Foundation, but the party has failed to gain full control of the foundation's $70 million war chest.

The two organisations have been squabbling over shares and ownership amid a disagreement between the foundation and Liberal state president Michael Kroger.

A Federal Court judge in Melbourne on Thursday decided the Liberals were entitled to 25 per cent of the shares in the Cormack Foundation, which was established by Liberal administrators in the late 1980s.