Legal fight over Baltimore Orioles, Angelos family fortune ends after brothers drop claims
BALTIMORE -- The Angelos brothers have dropped their legal fight over the Baltimore Orioles, their family fortune and their father's law firm, according to court documents obtained by WJZ.
John and Louis Angelos along with their mother, Georgia, agreed on Friday to dismiss with prejudice "all claims, including all counterclaims and defenses." .
Dismissing the lawsuits with prejudice means the brothers won't be able to file the same lawsuits again.
Peter Angelos, patriarch of the family and majority owner of the Orioles, remains incapacitated after a collapse in 2017 and is suffering from advanced-stage dementia, according to court documents.
John Angelos serves as chairman and CEO of the Orioles while his younger brother, Louis, took over running the law firm.
Louis Angelos has accused his older brother and mother of draining more than $65 million from their father Peter Angelos' bank account.
The lawsuit also speculated John Angelos might want to move or sell the baseball team. Last week the team opted not to exercise a one-time, five-year extension to their lease at Camden Yards.
But the team is now working with the state to broker a deal that will keep the team in Baltimore long-term, according to a joint statement last week from John Angelos and Gov. Wes Moore.
