Lawsuit Over Management of the Stronach Group’s Wealth Settled out of Court: Company

Published on September 4, 2024

The Stronach Group says a lawsuit filed by Frank Stronach’s son and granddaughter over management of the family business’s wealth has been settled out of court. The company headed by Frank Stronach’s daughter, Belinda Stronach, announced the settlement in a statement issued Wednesday afternoon. In the statement, Belinda Stronach says she is “very pleased” the litigation launched by her brother and niece has been resolved, and she looks forward to moving forward as a company and family. The statement says the terms of the deal are confidential and the parties won’t be commenting further. The lawsuit launched by Andrew and Selena Stronach in 2019 alleged Belinda Stronach — the company’s chairwoman, chief executive officer and president — and others had mismanaged the trusts holding the family’s assets for their own benefit....

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