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Benson sues trustee for shares of Saints, Pelicans (Yahoo Sports)
New Orleans Saints and Pelicans owner Tom Benson sued in federal court Wednesday in an effort to regain assets in his pro teams from trusts he had set up for recently estranged heirs. The lawsuit contends that trustee Robert Rosenthal has unlawfully rejected Benson's plan to swap $556 million in promissory notes into the trusts for his daughter Renee, and her children, Rita and Ryan LeBlanc, in exchange for shares in the Saints and Pelicans. Tom Benson announced in January that he was removing his daughter and her children from ownership and executive positions they held with the teams and, upon his death, would leave control of his business empire to his third wife, Gayle, whom he married in 2004. The lawsuit on Wednesday marks the latest maneuver in a legal struggle that erupted publicly two months ago, but internal team communications obtained by The Associated Press this week show the extent to which distrust was growing between Gayle Benson and the family of Benson's daughter from his first marriage last summer, when the Saints were in training camp in West Virginia. More...
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