Inez Sanchez, who has a child with Quezada, agreed to drop the lawsuit on Friday and also relinquish all rights to pursue the case further. In return, Quezada agreed not to charge her for his attorneys’ fees.
Sanchez began the case against Quezada, pictured below, back in November with her attorneys declaring that as the winning ticket was bought based on the couple’s shared earnings as a “joint venture”, she had as much legal right to the money as if the pair were married. However, Quezada’s lawyers claimed that as the pair never married, Sanchez had no legal claim to the money.
The settlement on Friday was reached just as state Superior Court Chancery Division Judge Margaret Mary McVeigh was set to rule on a motion by Quezada’s attorneys to dismiss Sanchez’s lawsuit. Speaking in court on Friday, McVeigh said “I wish the parties good luck and a wonderful future, I hope this works out for you.”
This wasn’t the first time that the Powerball winner has been in hot water as shortly after his win he faced legal action over $29,000 worth of unpaid child support fees. According to news reports, Quezada settled the outstanding bill and said he would use his winnings to support his family and friends.
In the months that followed his Powerball win, Quezada spent a large portion of his win. As of November 2013, Quezada had sent $57 million to his native Dominican Republic, given away a further $5 million, spent $300,000 on a new home and according to Sanchez’s attorney Michael De Marco; there was an additional $20 million which couldn’t be located.
Details of Quezada’s current financial situation were not disclosed on Friday.
You can read more about the history of the story here.