Louis Angelos has agreed to nullify his purchase of his father's storied law firm, granting a victory to his mother and brother in their ongoing legal battle.
The allegations accuse Georgia Angelos and Orioles CEO John Angelos of transferring tens of millions out of team owner Peter Angelos’ personal bank account.
Orioles chairman and CEO John Angelos, 55, prefers to sell a piece of the team while continuing to retain his family’s majority control, two people told The Baltimore Sun in interviews.