Wilfs lose battle to keep net worth sealed

Author:
Updated:
Original:

The Wilf family, owners of the Minnesota Vikings, have lost a court battle in their quest to keep their net worth under wraps. But they aren't giving up the figure yet.

A state appeals court in New Jersey has issued a ruling declining to hear the family's arguments against the public disclosure of their wealth, the Star-Ledger in Newark reports. The appeal denial came in the form of a one-page ruling from a two-judge panel, the newspaper reported.

The Wilfs were fighting a September court ruling that ordered them to disclose their worth as part of a ruling that the family must pay $84.5 million in damages in a long-simmering New Jersey real estate case that ended with a two-year trial. In the case, New Jersey Superior Court Judge Deanne Wilson ruled that Vikings principal owner Zygmunt “Zygi” Wilf, his brother, Mark, and their cousin, Leonard, for more than two decades cheated former business partners out of revenues from a 764-unit apartment complex called Rachel Gardens in Montville, New Jersey, one of more than 200 apartment complexes owned by the family.

The Wilfs argued that revealing specifics about their wealth amounted to an invasion of privacy and might put their children and grandchildren in danger. They also said "anti-wealth bias" is behind efforts to get them to disclose the figures.

The recent appeals panel allowed the Wilfs to keep their net worth hidden at least until a judge issues a final order in the case, which could come within a few days, the Star-Ledger reports.

But a lawyer for the Wilf family said he planned to keep the figure under wraps even then. He plans to seek court permission to keep the net worth sealed pending the Wilfs' full appeal of the entire case, the Star-Ledger reports.

Opposing lawyers have said that Zygi Wilf’s net worth is estimated at between $310 million and $1.3 billion.

The Wilfs are on the hook to pay about half the cost to construct the new $1 billion Vikings stadium, and they have said the lawsuit will not affect their ability to pay their share.

Next Up

Jose Berrios

Report: Twins could be 'aggressive sellers' ahead of trade deadline

José Berríos and Nelson Cruz could be in high demand in the coming weeks.

Screen Shot 2021-06-22 at 7.49.39 PM

Why the Timberwolves haven't lost the D'Angelo Russell trade...yet

The Wolves' offseason got more challenging but not impossible.

Pixabay - water surface

2-year-old dies a week after being pulled from Ham Lake pond

The boy had been at Lions Park with family and friends.

Facebook - Dinosaur Drive-Thru image

50 animatronic dinosaurs to take over Mall of America parking lot

Dinosaur Drive-Thru opens June 24 and runs through July 11.

new ulm police department squad car

Police: Man who shot himself during traffic stop has died

He died in a Twin Cities hospital early Wednesday.

Flickr - Voyagerous - Christine Warner

MN's lone National Park is also one of the least popular in the country

Travelers are clearly overlooking what northern Minnesota has to offer.

Elton John

Elton John confirms rescheduled St. Paul dates for farewell tour

"I'm going to go out in the biggest possible way, performing at my very best," John said.

Alex, Curt and Steven Boesl

3 Minnesotans honored with Carnegie Medals for heroic acts

The award is the highest honor for civilian heroism in North America.

police tape, crime scene

Police discover woman dead at Twin Cities home following welfare check

Officers also found "multiple" children on the scene, all of them unhurt.

bear cub

Bear clambers into northern MN home through kitchen window

A black bear in the house isn't something you see every day.

Ambulance hospital emergency

5 teens hurt in rollover crash near Hutchinson

The crash happened before 6:30 a.m. Wednesday.

Pixabay - Crappie fish

MN DNR: Please call us if you find a large group of dead fish

The agency says hot weather might be contributing to recent die-offs.

Related