The late Larry King’s widow, who sued her own sister, a financial advisement firm and other defendants in order to recoup millions of dollars from her husband’s estate she contended belonged to her, has reached a settlement in what remained of the litigation.
In her Los Angeles Superior Court suit, one defendant sued by Shawn King was Blouin & Co., the business the former couple hired to manage their financial affairs. King dropped Blouin as a defendant in October 2024.
The other defendants she sued included her sister, Shannon Engemann Grossman, who the plaintiff alleged had benefited from Blouin’s alleged wrongdoing. On Thursday, King’s attorneys filed court papers with Judge Steve Cochran notifying him of an “unconditional” resolution in the part of the case with Grossman. No terms were divulged.
Shawn King had sought more than $100 million. Her causes of action included professional negligence and fraud.
Larry and Shawn King filed separate divorce petitions in 2010 and Larry King filed for divorce again in 2019, but the dissolution of marriage was never finalized and the estranged couple was still married when Larry King died in January 2021 of sepsis at age 87.
In her suit filed in October 2022, Shawn King maintained that Blouin managed secret bank accounts to facilitate transfers of funds that was gifted to several others. Shawn King alleged that Grossman “received a substantial number of improper and unauthorized transfers of Mrs. King’s community assets.”
Specifically, the suit alleged that Blouin enabled Grossman to receive millions of dollars in airfares, luxury clothing and accessories, furniture, limousine services, healthcare services, dental implants and luxury automobiles and hotel accommodations. In 2010, Grossman denied media reports that she and Larry King were having an affair.