During court hearings, Schultz’s lawyers voiced concerns that du Pont was keeping assets hidden to lessen the amount he would have to pay. The primary stumbling block throughout settlement negotiations was determining an accurate depiction of du Pont’s wealth. Proud, by law, must approve the agreement, which he is expected to do next week. The final settlement was in place the next night. Raynes, all of Philadelphia, submitted a petition to Proud on Tuesday to seal the terms of the agreement. Nancy Schultz’s team of lawyers, including S. He was 36 and training for a comeback at the 1996 Olympics in Atlanta. 26, 1996, in the driveway of the home Schultz rented at du Pont’s Foxcatcher Farm. Nancy Schultz, who lives in Foster City, Calif., is president of the foundation, which she began after her husband’s killing to raise money to finance and train wrestlers.ĭavid Schultz, who won a gold medal at the 1984 Olympics, was shot to death by du Pont on Jan. I will continue to honor the memory and legacy of my husband through the Dave Schultz Wrestling Foundation.” With the case over, Schultz said in a statement released by her lawyers, “I can now turn my attention back to my children as they move through their junior high and high school years without David to guide them. The IRS will get a share in federal estate tax, and a portion of the award will be put in trust for the Schultzes’ son, 13, and daughter, 10. Her lawyers, who filed the suit in March 1997, will take a fee of up to 25 percent. Not all of the money will go directly to Nancy Schultz. Proud, and it was that imminence that prodded both sides to make the agreement final, say Schultz’s lawyers.
ALFRED DUPONT SCANDAL TRIAL
The case was scheduled for trial Monday before Delaware County Court Judge James F. According to a trade journal that watches such cases, that figure would be the largest award resulting from a wrongful-death suit ever paid directly by one person. The exact award to Nancy Schultz will be kept confidential at the request of lawyers, but those familiar with the drawn-out negotiations say the total will be about $35 million. du Pont, the multimillionaire who shot Schultz to death nearly four years ago in Newtown Square.
The widow of Olympic wrestler David Schultz has settled her wrongful-death claim for a record amount against John E.
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