METAIRIE, La. (AP) — New Orleans Saints and Pelicans owner Tom Benson says he's reached a settlement in a lawsuit centered on his attempt to remove shares of his pro teams from trusts for his estranged daughter and her two children.
An announcement by the NFL and NBA teams states that terms of the settlement will not be public. A federal trial over the matter, which would have made numerous private business documents public, was slated to open Monday.
In January 2015, Benson announced he no longer wanted daughter Renee Benson and her children, Rita and Ryan LeBlanc, to inherit shares of his pro clubs, and intended to replace those shares in the trust with other assets.
Three lawsuits followed. One concluded in Benson's favor and the other two have been settled.