Estate of Anna Nicole Smith loses at Supreme Court

"The Supreme Court ruled Thursday that a bankruptcy court incorrectly granted Anna Nicole Smith over $400 million from the estate of her oil magnate husband J. Howard Marshall. In the 5-4 decision, the nation's highest court held that the US Constitution barred a California bankruptcy court from deciding a matter outside the scope of bankruptcy law. The former Playboy Playmate married the billionaire Marshall in 1994 when she was 26 and he was 89. Marshall died in 1995 and left his entire estate to his son Pierce. Smith sued in response, but a Texas probate court granted the entire estate to Pierce Marshall despite claims by Smith that he had conspired to withhold funds promised to her by his father."

Read more here.