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Settlement in Texas dispute over Tom Benson estate trust

POSTED: Jan 23, 2016 9:01 PM ET


— A lawsuit in Texas involving New Orleans Pelicans and Saints owner Tom Benson and control of a nearly $1 billion family estate trust has been settled.

The San Antonio Express-News reports that the settlement was reached Friday. Terms are confidential. The dispute involved a trust left by Benson's first wife, who died in 1980.

The resolution halts a civil trial in San Antonio that was to start Feb. 1.

The lawsuit is part of legal fights that began after the 88-year-old Benson decided to oust his daughter and her two children from ownership positions with his sports franchises.

A decision is pending from a Louisiana appeals court on the family members' efforts to have Benson declared legally incompetent.