Hilary Musser tried to sue her ex-husband in a messy lawsuit four years after his death
She still calls him 'the great love of her life'
Hilary and Pete Musser were involved in a messy lawsuit before she starred on Members Only: Palm Beach. She alleged in 2023 that he conspired to pay off his debts with her assets, as per The Inquirer, following his death after a car accident back in 2019.
Pete was an investor stripped off his billionaire status by the dot com crash in the 2000s. He was the former head of Safeguard Scientifics for 48 years, who was well-known in Philadelphia for his venture capitalism, and Hilary says his actions became clear after his death.
In the lawsuit, Hilary alleges her former husband conspired with officials of Safeguard Scientifics of Wayne to pay his multimillion-dollar stock market debts using properties he promised to her. When he died, she became executor of his will, gaining access to his papers.
Hilary explained to us how Pete kept borrowing more money to invest and “owed too much money,” which led to the board on the business he worked for having to fire him, which “really crushed him.” She described it as the “untold story” of their marriage.
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The lawsuit says that starting in 2000, Hilary granted Safeguard control of the couple’s homes, building lots, and business assets on the Main Line and in Nantucket, to repay millions in his debt, after Safeguard-backed stocks lost most of their value.
He was allowed to remain active as a dealmaker. The couple married on November 24, 2000, having signed a prenuptial agreement the day before, which Safeguard had helped prepare, giving the company claims on some of the properties the couple had jointly acquired.
They filed for divorce in 2005, and 18 years later, Hilary filed this lawsuit. “He had an unfortunate circumstance where before he got married, he became a billionaire. In two months, I married him while he was $40 million in debt,” she claimed.
Hilary agreed to their revised terms “under duress,” the suit says, because she feared losing the Bryn Mawr mansion and her remaining assets if her former husband was forced into bankruptcy. She lost the firm, the farm, and most of the island real estate.
The suit asks for compensatory damages, interest, costs, and delay damages.
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