He and Roula Passon began dating in 1997, she moved in with him in 2001 and they married in 2015, according to her lawsuit. Get your evening news in your e-mail inbox. After Dixons loss in the primary, Paterakis and his four sons, who serve in executive positions at the company, turned their financial faucet to state Sen. Catherine E. Pugh, who is the Democratic Partys nominee for mayor in the general election. Is your client emotionally ready for retirement? ANALYSIS: The owners of a trophy high-rise devise a plan to flip the property and keep its 95% tax abatement, Above: The blue-chip, glass-clad Legg Mason Building at Harbor East. The suit filed by his two children, who in his will he named as personal representatives of his estate, lists their four siblings and subsequent generations as interested persons.. In an unreported opinion filed Thursday, the Court of Special Appeals found Baltimore County Judge Colleen Cavanaugh erred in rulings involving issues regarding stashes of cash kept by John Paterakis Sr., and a written and oral agreement between John Paterakis and Roula Paterakis that she would inherit $20 million. Nusinov said Thursday his clients were thrilled with the decision. Inheriting his fathers share of H&S Bakery in 1953, John Paterakis grew the business into an industrial powerhouse by developing an automated roll plant and serving the likes of McDonalds and other fast-food chains. But his political largesse landed him in hot water in 2010. The suit alleges that Paterakis' children have withheld assets including millions of dollars in "cash hoards" that their father kept in safes and bank accounts. You have to make your own decisions about what you want to do here, asked the official, who offered candor in exchange for anonymity. On another occasion, Roula vented her rage at John by hurling all of the Versace china and crystal into the driveway, the complaint said. All that remains of the lawsuit are defamation and false light claims, according to Jeffrey E. Nusinov, a lawyer for the family. He turned the family business, H&S Bakery Inc., into one of the city's most prominent. Eventually, he invested in real estate development, such as Harbor East, which reshaped the citys waterfront skyline. We also use third-party cookies that help us analyze and understand how you use this website. During the course of the bitter battle, she also accused her stepchildren of depleting their fathers cash assets during his final illness, while they accused her of greed and material excess. News of the bread mans death is making the rounds in political circles, Above: John Paterakis in an undated photograph at a family reception. John Paterakis Sr.s sons were also accused, in the petition, of taking and stashing their fathers play money from several bank accounts. John Paterakis Sr. is inducted into the Baltimore Suns Business and Civic Hall of Fame last June at the Center Club. (You Tube), There was, however, a proviso in the PILOT agreement that said the city would receive 25% of excess net proceeds after the developer achieves a 15% cumulative return on equity.. His widows attorney, Arnold M. Weiner, would not say why she decided to drop her claims to more of her husbands assets. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. "They almost always settle," Tanouye said. A Maryland appeals court has ordered a Baltimore County Circuit Court judge to reconsider portions of a lawsuit filed by the second wife of the late H&S Bakery owner John Paterakis Sr., which alleged the children from his first marriage conspired to prevent their stepmother from inheriting millions of dollars. You also have the option to opt-out of these cookies. The family denied the allegations and called Roula Paterakis lawsuit desperate., This law suit (sic) appears to be no more than a desperate attempt by Roula to obtain more money than she was left in JPs Will, William Paterakis, John Paterakis Sr. son and chairman of H&S Bakery, wrote in a signed letter to employees in November 2017. If the Circuit Court reassessed and found Roula Paterakis was indeed entitled to those funds her share would amount to about 30% of the total after-estate expenses, such as legal fees. 3/1/23 UPDATE: Following publication of this story, the Board of Estimates deferred action on the price increase. View FREE Public Profile & Reputation for Charles Paterakis in Baltimore, MD - See Court Records | Photos | Address, Emails & Phone Number | Personal Review | $30 - $39,999 Income & Net Worth . Nusinov called the handwritten document suspect at best, characterizing it as illegible and having no legal validity.. That at least is the view from Baltimore Circuit Court, where his widow Roula Paterakis sued the six children from his previous marriage on Nov. 13 for her share of what she says is a $1 billion fortune. If you would like to change your settings or withdraw consent at any time, the link to do so is in our privacy policy accessible from our home page.. Additionally, they defended the trusts that Roula Paterakis claimed were shams as above board and part of their fathers estate planning. Jeffrey E. Nusinov, who represents Bill Paterakis and Smith, said Roula Paterakis suit, which initially sought a third of what she said was her husbands $1 billion fortune, has been chipped away over the years to almost nothing. But equally compelling as underscored by evidence arising from Dixons own embezzlement trial six months after the approval of the Legg Mason PILOT was the enormous clout of John Paterakis. He pleaded guilty to violating state campaign finance law after paying in excess of state contribution limits for a poll for former Baltimore Councilwoman Helen Holton in 2007. We express no view as to whether it does or does not, the special appeals court opinion said. The total estate came to $155,354.. He pleaded guilty to violating state campaign finance law after paying in excess of state contribution limits for a poll for former Councilwoman Helen Holton in 2007. Nov. 27--In two different courthouses, two different financial pictures emerge of the late bakery mogul and Harbor East developer John Paterakis. (1213people.com). Her suit described scenes of turmoil before Paterakis death and afterward, of fights breaking out in Harbor East restaurants and the siblings helping themselves to their fathers cash hoards and so-called play money. The siblings fired back, characterizing her as a spendthrift who once charged two Hermes Birkin handbags to her hotel room in Las Vegas and pressured him into a hasty wedding. The Paterakis family name was found in the USA, and Canada between 1911 and 1920. Calling the second wife of John Paterakis a material girl, two of his children from his first marriage filed suit against her in Baltimore County Circuit Court on Thursday alleging she took advantage of the ailing bakery magnate and developer to enrich herself. 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There were also funeral expenses and probate fees and other administrative costs. Contact Tobin OConnor Concino P.C. In alleging that John Paterakis was worth $1 billion, his widow cites a figure that far outstrips the last public estimate of his fortune. In 1920 there were 2 Paterakis families living in Ohio. When questioned yesterday by The Brew, Cole explained the citys reasoning this way: When it [the PILOT] was approved, it was never anticipated that the city would see any real profit-sharing. Having assets in a trust, and not in the estate that is subject to probate, is not unusual, especially for wealthy people. Those efforts failed in this last extortionate attempt, but only because of Johns age and ill health, according to the complaint. John Paterakis, like many wealthy people, kept many of his assets in trusts. He was 87. A subsidiary, Northeast Foods Inc., is the largest source of hamburger buns for McDonald's, the obituary said. Additionally, it should be noted, the Paterakis family picked up 10 years worth of EZ (Enterprise Zone) tax credits from the state. A judge dismissed much of Roula Paterakis 's original. Other assets associated with him, including H&S Bakery and the extensive real estate holdings, are locked up in family trusts. Paterakis' will, submitted to the Baltimore County Register of Wills on Oct. 24, 2016, offers no details on how he wanted his estate distributed, referring instead to a trust that apparently includes those terms. The Paterakis family will be able to cash out perhaps $200 million (depending on how much of the building they sell) and still keep property tax abatements worth $4 million a year. Necessary cookies are absolutely essential for the website to function properly. But there is usually great motivation to handle any disputes without going to court, he said, both to keep from airing any dirty laundry and to preserve as much wealth as possible from going through an expensive legal battle. The opinion cited a ruling this June by the Maryland Court of Appeals in another case, which recognized interference as a wrongful act. The Herald said that made him the 39th richest Greek-American in the country. The amount that leaves in dispute is about $570,000. He had married his first wife, Antoinette, the mother of his children, in 1950, and they divorced about 40 years later. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. These items are $647,500 in life insurance, an Individual Retirement Account worth about $650,000, $250,000 cash and the house she co-owned with her husband in Lutherville-Timonium, the childrens attorney said. 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