The descendants of J. Seward Johnson, son of the founder of Johnson & Johnson, have been fighting over his fortune since his death in 1983. The latest round focused on the 1997 distribution of a trust established by Johnson in 1961 that was used to fund charities for 35 years. Its value: $350 million. On Wednesday, a three-judge appeals panel announced the big winners: In the legal arena, the clear winner is William Brennan III and his N.J. firm.
August 30, 1999 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
The descendants of J. Seward Johnson, son of the founder ofJohnson & Johnson, have been fighting over his fortune since hisdeath in 1983. In the biggest battle, Johnson’s six childrensettled with his third wife, Basia Piasceka Johnson, by agreeingat the end of a long trial in 1986 to split $500 million.
Since then, new disputes have erupted.
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