Kirk Kerkorian ex-wife, stepson drop move for conservatorship

Kirk Kerkorian's ex-wife and her son from another marriage have dropped their bids to be named conservators of the 96-year-old billionaire hotelier, who they maintained was in declining health, their attorney told a judge Monday.

During a brief hearing before Los Angeles Superior Court Judge Michael Levanas, lawyer Marshal Oldman said Lisa Bonder Kerkorian withdrew her petition Thursday and that 24-year-old Taylor Kreiss did the same on Monday.

Oldman declined to comment on his clients' change of position but said Bonder Kerkorian has also abandoned her attempt to have a guardian appointed on behalf of her ex-husband in a separate proceeding in family law court.

Attorney Margaret Lodise, who represents Kerkorian, argued in court papers that her client's ex-wife and Kreiss were using the conservatorship as a way of exerting pressure on the businessman to pay $500,000 a month in child support for Bonder Kerkorian's teenage daughter [information about the daughter has been removed by request].

Bonder Kerkorian filed her conservatorship documents May 10, stating that her former husband, who has assets estimated at $2.9 billion, was under the control of his financial advisers at the Tracinda Corp. and needed intervention. She and Kreiss filed an amended petition June 4, asking that they be named joint conservators over Kerkorian.

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Kirk Kerkorian ex-wife, stepson drop move for conservatorship