Supreme Court Decides Fate of Billionaire’s Estate in Anna Nicole Smith Case

Jun 24, 2011  •  Post A Comment

In a 5-4 ruling that limits the power of federal bankruptcy judges, the U.S. Supreme Court has issued its decision in a case involving the estate of Anna Nicole Smith.

The estate will receive nothing from the $1.6 billion fortune left by Smith’s late husband, J. Howard Marshall II, after the court upheld an earlier ruling, reports Bloomberg.

The justices voted 5-4 to reject claims relating to a half-billion-dollar trust that Smith said her oil tycoon husband had set up for her before his 1995 death, the story notes.

Smith had accused her late stepson of interfering with the trust, the story notes.

"Smith at one point won an $89 million award on her claim, which she filed with the court handling her bankruptcy case. The Supreme Court today said the bankruptcy judge lacked the constitutional authority to issue that award," the story says.

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