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

Belinda Stronach, CEO and president of 1/ST, stands in the winner's circle at the Pegasus World Cup Invitational horse race, at Gulfstream Park in Hallandale Beach, Fla., on Jan. 28, 2023. The Associated Press/Lynne Sladky

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.