TORONTO — 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 lawsuit launched by Andrew and Selena Stronach in 2019 alleged Belinda Stronach and others mismanaged trusts holding the family's assets{ai:summary}<p>The Stronach Group announced that a lawsuit regarding the management of its wealth, filed by Frank Stronach's son and granddaughter, has been settled out of court. Belinda Stronach expressed satisfaction with the resolution and optimism for the future. </p><p>#business</p>

Stronach family lawsuit over management of trusts settled out of court: company

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