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Texas dispute over nearly $1B Benson estate trust settled

1 year 2 months 5 days ago January 23, 2016 Jan 23, 2016 Saturday, January 23 2016 January 23, 2016 2:29 PM in Sports
Source: Associated Press
By: APnewsNow

SAN ANTONIO - A legal battle 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 a settlement in the lawsuit involving control of the estate trust 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 announced his decision 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.

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