Anna Nicole Smith estate appeals ruling that gave her none of late husband’s oil fortune

By AP
Friday, April 9, 2010

Smith estate appeals ruling on oil fortune

SAN FRANCISCO — Lawyers for the estate of Anna Nicole Smith have appealed a ruling that gave her none of her late billionaire husband’s fortune.

The appeal filed Thursday seeks a full review by the San Francisco-based 9th U.S. Circuit Court of Appeals and continues a case that has outlived both parties.

In a March 19 ruling, a panel of the court sided with a Houston jury that decided in 2001 that Texas oil tycoon J. Howard Marshall never intended to leave any of his $1.6 billion estate to Smith.

Marshall’s will gave most of his estate to his son, E. Pierce Marshall.

David Margulies, a spokesman for the Marshall family, said Friday the family will continue to defend its case with the “same vigor and resolve it has in the past as this case hopefully nears an end.”

Smith and Marshall married in 1994. He was 89 and she 26.

Smith had argued that her elderly husband had promised to leave her more than $300 million.

The case previously reached the U.S. Supreme Court, and attorneys for Smith’s estate vow to again appeal to the nation’s high court if necessary.

Smith died of a drug overdose in 2008 and named her 3-year-old daughter Dannielynn as heir.

The former Playboy model’s ex-boyfriend Larry Birkhead and attorney Howard K. Stern were placed in charge of her estate.

Smith initially challenged the will in Houston probate court and lost.

However, a bankruptcy court in Los Angeles awarded her $474.75 million, which was later reduced to $89.5 million.

The legal dispute has centered on which court ruling to follow.

Discussion

thatoneoverthere
April 20, 2010: 9:33 pm

Talk about going to a new level of frivolous- this case was bad enough when it started, but at this point it’s the equovelent of putting money in a blender! The sad thing is that it’s not the people who are spending the money’s money to spend! It’s Dannielynn’s. you can count that she woudl probably pull the plug if she knew how much “allowance” this was going to cost her!Sorry kiddo, no candy money for the next 50+ years- you got to fund a “no shot in hell legal case instead.

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