Attorney: Assets That Replace Saints And Pelicans In Trusts Need To Account For Rising Team Values

February 4, 2015 – Media Mention

John Goldman was quoted in a Forbes story regarding lawsuits filed against Tom Benson, the owner of the NFL's New Orleans Saints and NBA's Pelicans, by his family members challenging his plan to leave ownership of both franchises to his third wife, Gayle. The trust of Benson's daughter and two grandchildren owned 60% of the Saints and 95% of the Pelicans, and the lawsuits challenge Benson trying to substitute a $449 million promissory note as being of equivalent value when he removed the teams' stakes from the trust.