The Probate Lawyer Blog

Bill Davidson's estate settles lawsuits

The Detroit Free Press featured an article recently about the lawsuits surrounding the estate of the late owner of the Detroit Pistons, Bill Davidson.  You can read our prior article about the estate here.

The estate of the late William Davidson has been the target of at least three lawsuits seeking to wrest at least $20 million from the fortune left by the billionaire businessman and owner of the Detroit Pistons -- a hazard that one attorney said is the result of being very rich and dead.

Of the three suits filed in Oakland County Circuit Court, all have been quietly settled, according to court records and attorneys involved. Details of the settlements have not been revealed.

The wars over the final wishes of Bill Davidson & Mel Simon

William Davidson and Melvin Simon had a lot in common.  Both were billionaires and both were Jewish.  Simon built his fortune through the country's biggest shopping mall company, Simon Property Group, and Forbes estimated his net worth at $1.3 billion.  Davidson led Guardian Industries Corp., one of the world's largest glass suppliers, and had a fortune recently tabbed at $4.5 billion. 

They also each owned NBA franchises in the midwest.  Davidson owned the Detroit Pistons (yeah!), while Simon co-owned the rival Indiana Pacers (boo!) with his brother, Herbert Simon. 

Both men died last year, with Davidson passing away at age 86 in March and Simon passing in October, at age 82.  And both were survived by spouses as well as children from prior marriages.

And, in both instances, the spouse and the children from the prior marriage did not see eye to eye.  Because of that, both the Davidson Estate and Simon Estate are mired in lawsuits about the true wishes of the beloved billionaires.