High Net Worth Families

Marc M. Stern, a partner in the firm's Private Client Services Group, provided insights to WealthManagement.com on the ongoing family legal battle over control of the San Diego Padres.

Excerpt

While without additional facts, it’s difficult to tell which side will prevail, said Marc M. Stern, a partner in the Private Client Services Group at Greenberg Glusker in Los Angeles, who opines that, based on what he’s seen, “both sides should want to reach a prompt settlement, each for their own reasons.” He cites analogous cases with other teams—such as the Baltimore Orioles’ family lawsuit in 2022 that was followed relatively quickly by a sale of the team in March 2024, as examples that “demonstrate that a prompt resolution can be mutually beneficial to all parties involved.”