LAWSUITS NEWS & LEGAL INFORMATION
Pritzker Family
A settlement has been reached by Pritzker family in favor of young heirs who claimed that their relatives looted their trust funds and unfairly cut them out of a plan to carve up the family fortune.
The lawsuit was brought by the two young heirs against the Pritzker family in which they sought about $2 billion in compensation for what they claimed had been taken from their trusts. The two heirs claimed that their father emptied assets from their $1bn trust funds, a move said to be related to an acrimonious relationship with their mother, whom he divorced
Pritzker holdings consisted of Hyatt Hotel chain, casinos, the Trans Union credit-checking company and the Marmon Group, a global association of manufacturing and service companies.
The settlement terms have not been disclosed to the public, however, the settlement ended the lawsuits against the Pritzker family that could have laid out in public the very private family's plan to split an estimated $15 billion empire. The settlement cleared a hurdle that was blocking the potential plans to sell or float their privately held company.
The lawsuit was brought by the two young heirs against the Pritzker family in which they sought about $2 billion in compensation for what they claimed had been taken from their trusts. The two heirs claimed that their father emptied assets from their $1bn trust funds, a move said to be related to an acrimonious relationship with their mother, whom he divorced
Pritzker holdings consisted of Hyatt Hotel chain, casinos, the Trans Union credit-checking company and the Marmon Group, a global association of manufacturing and service companies.
The settlement terms have not been disclosed to the public, however, the settlement ended the lawsuits against the Pritzker family that could have laid out in public the very private family's plan to split an estimated $15 billion empire. The settlement cleared a hurdle that was blocking the potential plans to sell or float their privately held company.
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