The trustees who sued Saints and Pelicans owner Tom Benson over his decision to pull ownership interests in the teams from the inheritance of his daughter and grandchildren said Friday afternoon (Feb. 3) the billionaire has decided to settle the case, which was scheduled to go to trial Monday.
Tom Benson had sought to remove the ownership stakes of the teams from trusts for Renee Benson and her children Rita and Ryan LeBlanc. The trustees sued, challenging that the assets Tom Benson wanted to swap for the team shares weren't equal in value.