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Court: Smith estate not getting $300M
Smith said late oil baron promised her the money
Updated: Friday, 19 Mar 2010, 2:30 PM CDT
Published : Friday, 19 Mar 2010, 2:04 PM CDT
SAN FRANCISCO (AP) - A federal appeals court says Anna Nicole Smith's estate will receive none of the more than $300 million that she claimed her late billionaire husband had promised her.
The 9th U.S. Circuit Court of Appeals is the latest stop in the 15-year legal battle over the $1.6 billion estate that oil magnate J. Howard Marshall left after his 1995 death at age 90.
Smith had married Marshall the previous year and argued that he meant to leave her more than $300 million.
A Texas state court ruled against Smith and in favor of Marshall's son, who argued the model should receive nothing.
A federal bankruptcy court in Los Angeles later awarded her $474 million. A federal trial court later reduced that to $89 million.
Lawyers for the son's estate say they hope the litigation is at an end with Friday's ruling.
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