Settlement reportedly near in hedge fund manager Tobias’ estate

Bizjournals.com- A legal battle over the death of a Palm Beach County hedge fund manager is reportedly near a settlement.

The family of Seth Tobias has reached a settlement with his widow, Filomena Tobias, over a $25 million estate, said her lawyer, Jay Jacknin. A court hearing to approve a prospective settlement will be held at Palm Beach County courthouse at 8:30 a.m. Thursday.

"The parties have resolved their differences in the lawsuit amicably." Jacknin said in a phone interview Monday. "After the judge approves a settlement, we will read a joint statement that will say what we’ve agreed."

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