The legal brawl over Larry King's money just got a little smaller in Los Angeles. Shawn King, the widow of the late talk-show host, has quietly resolved a key piece of her multimillion-dollar fight. Court papers filed this week show she reached an "unconditional" settlement with her sister, Shannon Engemann Grossman, though the documents keep any financial terms under wraps. The notice pares back litigation that accused advisers and third parties of improperly moving community assets out of the Kings' estate.
Settlement filed with the judge
On Thursday, King's attorneys filed a notice with the Los Angeles Superior Court telling Judge Steve Cochran that the dispute with Grossman had been unconditionally resolved and asking the court to close that portion of the case, as reported by MyNewsLA. The filing does not reveal any payout or other terms. MyNewsLA also notes King previously dropped business manager firm Blouin & Co. as a defendant in October 2024.
Allegations in the suit
King's complaint, filed in October 2022, alleges that Blouin & Company and others kept a secret bank account and arranged millions of dollars in transfers of community assets without her sign-off. The court filing lists dozens of transactions and accuses certain transferees of receiving unauthorized goods and services, including luxury travel, cars, medical care, dental work, and other perks, according to the complaint posted to Scribd. The suit brings causes of action that include professional negligence and fraud.
What was at stake
In the original complaint, King sought more than $100 million in damages, claiming broad mismanagement of marital assets and improper transfers to third parties. MyNewsLA summarizes allegations that one transferee - Grossman - received millions of dollars' worth of airfare, luxury clothing, furniture, limousine services, healthcare, and other high-end benefits.
Legal implications
With Grossman out of the case, the focus may shift back to the other named defendants and the former business managers. The complaint outlines a theory that fiduciaries steered funds through sham accounts and third-party payments, claims that will turn on transactional records and witness testimony as the case moves ahead. The publicly filed complaint and detailed list of alleged transfers lay out the roadmap for what King will need to establish at trial or in any future settlement talks, per the court papers on Scribd.
The dispute centers on transfers made while Larry King was still alive; the broadcaster died in January 2021 at age 87, according to the Los Angeles Times. For now, the terms of the Grossman settlement remain sealed from public view, and upcoming court filings will signal whether the remaining claims quietly settle as well or march toward a public trial.
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