When longtime Pistons owner Bill Davidson passed away last year, Forbes magazine valued his fortune at $5.5 billion. With that kind of price tag around his neck, and since he had been married four times with several children and step-children, it didn't come as too much of a shock to hear three separate lawsuits were filed seeking a piece of his luxurious estate. The good news, though, is that it wasn't a "knock-down drag-out fight all the way to trial":â†µ
At least three lawsuits have been filed against the estate, and all three have been quietly settled. One was filed by a New York-based nonprofit called the Areivim Philanthropic Group, which is devoted to supporting Jewish educational causes. [...]â†µ
[...] Two other lawsuits were filed by Israeli businessmen operating as Milestones Upgrading & Industries and related parties.â†µ
All three suits were settled for undisclosed amounts, but the Israeli businessmen were reportedly seeking the remaining $15 million of a $40 million pledge Davidson made when he was alive.â†µ
There's no telling how distracting the lawsuits were on Mrs. Davidson in selling the team. However, a few less items on the docket certainly can't hurt in freeing up some time for her to evaluate the potential buyers and get the organization sold as soon as possible.