Estate of Denial news clips (5/24/16)

Judge: Benson had authority to reclaim Saints, Pelicans shares from relatives’ trust funds (TX/LA)

The New Orleans Advocate

May 16, 2016

A New Orleans federal judge ruled Monday that Tom Benson is within his rights to reclaim nonvoting shares in the Saints and Pelicans as well as other assets from trust funds benefiting his estranged relatives.

U.S. District Judge Jane Triche Milazzo’s ruling came after officials in charge of the trust funds contended that neither the NFL nor the NBA had provided required approval for the shifts Benson sought to carry out.


New suit over woman’s bequest to Legion of Christ (RI)

The Providence Journal

May 17, 2016

PROVIDENCE, R.I. — The disgraced Catholic order that successfully fended off a challenge to its control of a deceased woman’s multi-million estate last year is facing a new threat from a national anti-abortion group.

Americans United for Life is asking a Superior Court judge to overturn a Smithfield Probate Court ruling that found AUL waited too long to challenge changes Gabrielle Mee made in her 1991 will, which would have left a tenth of her approximately $60 million estate to the organization. The new version, drawn up in 2000, left all her estate to a religious order called the Legion of Christ. She died in 2008.


Justin Timberlake says no to Britney Spears

San Jose Mercury News

May 19, 2016

Justin Timberlake turned down Britney Spears again.

Spears reportedly loves her ex-boyfriend’s new single “Can’t Stop the Feeling” so much, it prompted her to reach out to his people to see if he might be interested in a collaboration, according to Life & Style. Spears is reportedly working on a new album.


Tom Benson on heirs: ‘they didn’t love me very much, trying to stab me in the back’ (TX/LA)

The Times-Picayune

May 20, 2016

Saints owner Tom Benson testified that a family fight at the Superdome in December 2014 that turned physical against his wife was the “final blow” that convinced him to disown his daughter and two grandchildren and reverse his plans for willing his sports empire to them.

Benson, 88, was questioned in a deposition March 28-29, and part of the transcript of his testimony was filed in federal court this week. The deposition is part of Benson’s lawsuit seeking to remove ownership in the Saints and Pelicans from trust funds created for his daughter Renee Benson and grandchildren Rita and Ryan LeBlanc.


Saints, Pelicans owner Tom Benson under oath: My relatives ‘didn’t love me very much, trying to stab me in the back’ (TX/LA)

The New Orleans Advocate

May 20, 2016

Tom Benson has been publicly tight-lipped during his legal battle with his estranged relatives for the past 17 months, but newly released legal transcripts show the owner of the Saints and the Pelicans wasn’t pulling any punches when he testified behind closed doors earlier this year in an ongoing case involving shares in the teams.

Under oath, he said his daughter, Renee Benson, came to his house and verbally attacked his wife Gayle while he was ill, something that upset him so much that he wanted to remove all the assets from trusts he had set up for Renee and her children Rita and Ryan LeBlanc.


Viacom’s Dauman Calls Removal From Redstone Trust Illegal


May 20, 2016

Sumner Redstone was “attentive and as opinionated as ever” when the 92-year-old ousted Viacom Inc.’s top executive Philippe Dauman from his future role as overseer of a family trust, Redstone’s attorney said, terming Friday’s surprise move in the best interests of shareholders.

In response, Viacom said it had received no communication from Redstone, portraying him as a shut-in, and said the actions attributed to him were “completely inconsistent with his long expressed wishes and intent.” A company director derided the latest turn of events as “unsettling and sad.”


Adviser wins court case over disputed will (UK)

FT Adviser

May 20, 2016

A judge has ruled in favour of a financial adviser in a case brought by the beneficiaries of one of his client’s wills.

Claire Hartley and Tim Herring took Derbyshire-based Shorts Financial Services to court, claiming they didn’t receive the full inheritance their great aunt intended for them.