ACCEPT OFFER BY DICK
New York Times
Mrs. Fiermonte's Executors Agree to Compromise on Claims
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The executors of the estate of Mrs. Madeleine Force Astor Dick Fiermonte were authorized by Surrogate James A. Foley, it was learned yesterday, to accept a compromise offer of $259,000 in full settlement of a claim of $470,000 against Mrs. Fiermonte's second husband, William K. Dick. Mrs. Fiermonte died on March 27.
The claim grew out of four promissory notes given by Mr. Dick to his wife before their divorce in Reno, Nev., in 1933. According to the application for the court order, Mr. Dick refused to pay the obligations on the ground that he had a legal defense to their payment because of their having been obtained "through a mutual mistake of fact."
Mr. Dick's offer was accepted by Philip Lyndon Dodge and Francis L. Robbins, executors, to avoid litigation that, in their opinion would not be to the best interests of the estate.
The settlement had the approval of Mrs. Fiermonte's three sons, John Jacob Astor of the Hotel Plaza, William Force Dick and John Henry Dick, both of Islip, L. I.
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The executors of the estate of Mrs. Madeleine Force Astor Dick Fiermonte were authorized by Surrogate James A. Foley, it was learned yesterday, to accept a compromise offer of $259,000 in full settlement of a claim of $470,000 against Mrs. Fiermonte's second husband, William K. Dick. Mrs. Fiermonte died on March 27.
The claim grew out of four promissory notes given by Mr. Dick to his wife before their divorce in Reno, Nev., in 1933. According to the application for the court order, Mr. Dick refused to pay the obligations on the ground that he had a legal defense to their payment because of their having been obtained "through a mutual mistake of fact."
Mr. Dick's offer was accepted by Philip Lyndon Dodge and Francis L. Robbins, executors, to avoid litigation that, in their opinion would not be to the best interests of the estate.
The settlement had the approval of Mrs. Fiermonte's three sons, John Jacob Astor of the Hotel Plaza, William Force Dick and John Henry Dick, both of Islip, L. I.
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(1940) ACCEPT OFFER BY DICK New York Times (ref: #3424, accessed 21st November 2008 02:53:11 AM)
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