The Nation - News from June 3, 1986

A settlement was announced in the battle over the $500-million estate of J. Seward Johnson Sr., a fight that involved the drug company heir’s widow, his six children and the oceanographic institute he founded. Under the settlement, about $160 million will go to Johnson’s children and the oceanographic institute, Harbor Branch. About $80 million of that money will go for taxes, with the children’s lawyers receiving about $10 million. The widow, Barbara Piesecka Johnson, will keep $300 million, one of her lawyers said.