.

Mansion Fire Lawsuit Settlement Gives Both Sides Cash

The deal means both sides get more money than either paid for the Villanova estate.

 

One year after a fire did major damaged an historic Villanova mansion, an arson lawsuit has been settled.

Philly.com reports that:

Four months after accusing a Canadian couple of scheming to buy - and then burn down - his famed 19-bedroom Main Line mansion in an insurance-fraud plot, a Radnor Township man has decided to drop his legal battle with the pair and split the proceeds.

Disclosed in court records, the deal means both sides get far more cash than either paid, or ever offered to pay, for the estate designed by Horace Trumbauer.

Jerald S. Batoff, a real estate executive who had lived on the estate since 2001, will keep more than $7 million of the $18.5 million insurance payout. Dean Topolinski, the Toronto businessman Batoff accused of arson and racketeering, will get the remaining $11 million plus the bucolic seven-acre tract about a mile west of Villanova University.

Read the rest of this article on Philly.com.

notradnorfirecompany April 23, 2013 at 12:35 PM
I know the firefighters never figured out how it started, but has their been any further investigation into a possible cause?

Boards

More »
Got a question? Something on your mind? Talk to your community, directly.
Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something
See more »