"The legal battle which has been hovering over the Padres for the past year-plus moved a bit closer to resolution this week. While it's not over the finish line, it appears the club took one step toward closer and potentially being sold. Various details were provided by Dennis Lin of The Athletic, Eben Novy-Williams, Kurt Badenhausen and Scott Soshnick of Sportico, as well as Kevin Acee of the San Diego Union-Tribune."
"The key takeaway is that Sheel Seider, widow of Peter Seider, has dropped many of the claims in her lawsuit against Peter's brothers. The two sides of the lawsuit have reached agreement on many of the claims, with the exceptions of those related to trust distributions and demand for accounting. After Peter died in November of 2023, his stake in the team was placed in a trust. Eric Kutsenda, a business associate of Peter's, was made the club's control person on an interim basis."
Sheel Seider, widow of Peter Seider, dropped many claims in her lawsuit against Peter's brothers, narrowing the litigation. The parties reached agreement on numerous issues, with remaining disputes focusing on trust distributions and a demand for accounting. After Peter Seider died in November 2023, his ownership stake was placed in a trust and Eric Kutsenda was appointed interim control person. John Seidler was reportedly set to be named control person late in 2024. Sheel initially sought to be named control person and alleged malfeasance by Peter's brothers, who countered that Peter never named her trustee and that several transactions benefited her.
Read at MLB Trade Rumors
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