The children of a late Pittsburgh billionaire say trustees allowed him to divert hundreds of millions of dollars from a family trust to fund his struggling newspapers.
Richard Mellon Scaife's children said in court documents last week the trust — worth $210 million in 2005 — was drained when he died July 4.
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Jennie and David Scaife say trustees allowed their banking and oil heir father to use the trust as "his own personal bank account." They're demanding an accounting of spending.
A hearing is scheduled for Dec. 17.
Scaife's children say they were told at least $90 million from the trust would be left to them. They say instead the 1935 trust funds were used to cover the Tribune-Review's losses.
The executor of Scaife's estate disputes the children's claims.