BALTIMORE — The Angelos brothers have dropped their authorized battle over the Baltimore Orioles, their household fortune and their father’s regulation agency, in response to courtroom paperwork obtained by WJZ.
John and Louis Angelos together with their mom, Georgia, agreed on Friday to dismiss with prejudice “all claims, together with all counterclaims and defenses.” .
Dismissing the lawsuits with prejudice means the brothers will not be capable to file the identical lawsuits once more.
Peter Angelos, patriarch of the household and majority proprietor of the Orioles, stays incapacitated after a collapse in 2017 and is affected by advanced-stage dementia, in response to courtroom paperwork.
John Angelos serves as chairman and CEO of the Orioles whereas his youthful brother, Louis, took over working the regulation agency.
Louis Angelos has accused his older brother and mom of draining greater than $65 million from their father Peter Angelos’ checking account.
The lawsuit additionally speculated John Angelos would possibly wish to transfer or promote the baseball group. Final week the group opted to not train a one-time, five-year extension to their lease at Camden Yards.
However the group is now working with the state to dealer a deal that can maintain the group in Baltimore long-term, in response to a joint assertion final week from John Angelos and Gov. Wes Moore.
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