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Bengal's Founder's Kids Lose 4 Year Battle
Court Watch |
2007/12/06 10:18
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Two children of one of the founders of the Cincinnati Bengals have lost their four-year court battle over his estate, which includes about 30 percent of the shares in a team that Forbes estimated is worth $912 million this year.
A Hamilton County Probate Court jury on Tuesday rejected their claims that Austin E. "Dutch" Knowlton's will was a forgery. They sued after Knowlton died in 2003, at age 93, and they discovered they were left out of his will, which was dated February 1996 and left the bulk of his estate to the Austin E. Knowlton Foundation.
Knowlton, who owned a construction company, founded the Bengals in 1967 with Paul Brown and other investors. Two of his three children, Peter Knowlton and P. Valerie Knowlton, challenged the will.
Peter Knowlton has since died, but his claim remains. |
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