Seth Tobias' case settled

By Al Pefley

PALM BEACH GARDENS, FL (WFLX) - He made a fortune on Wall Street. Now, the Seth Tobias case has been settled. A judge in Palm Beach Gardens approved Thursday morning.

Tobias was a hedge-fund manager and commentator on CNBC's "Squawk Box".

Tobias' parents, his four brothers and a couple of his close friends will split $3.2 million. According to the settlement, the rest of his estate goes to his widow, Filomena, along with their Jupiter house.

Published reports say he may have left a fortune of between $25 to $40 million when he died.

But attorneys for both sides would not say if those figures are accurate. The settlement documents filed with the court do not specify the total value of Seth Tobias' estate, nor do they specify the exact amount of money Filomena will receive.

"This case has been sensationalized, as you know, and I don't think it's in anybody's best interest to have continued to litigate it," said Jay Jacknin, attorney for Filomena Tobias.

"Like any settlement agreement, both sides give something, and there are no winners and no losers," adds James Pressly, a lawyer who represents two of Seth Tobias' brothers.

Tobias was found dead in the pool at the couple's Jupiter home last September. Prosecutors and police found no evidence of a crime and no one was charged.

Filomena Tobias did not attend Thursday's court hearing, and her attorneys told us she would not be available for comment.