Settlement in Texas dispute over Tom Benson estate trust
Jan. 23, 2016
SAN ANTONIO (AP) — A lawsuit in Texas involving New Orleans Saints and Pelicans owner Tom Benson and control of a nearly $1 billion family estate trust has been settled.
The San Antonio Express-News reports (http://bit.ly/1lFwePG ) that the settlement was reached Friday. Terms are confidential. The dispute involved a trust left by Benson's first wife, who died in 1980.
The resolution halts a civil trial in San Antonio that was to start Feb. 1.
The lawsuit is part of legal fights that began after the 88-year-old Benson decided to oust his daughter and her two children from ownership positions with his sports franchises.
A decision is pending from a Louisiana appeals court on the family members' efforts to have Benson declared legally incompetent.
Information from: San Antonio Express-News, http://www.mysanantonio.com