The 2nd U.S. Circuit Court of Appeals reversed a Manhattan district court judge’s 2011 decision that dismissed a lawsuit filed against a Wall Street multi-billionaire by his ex-wife.
The long running legal battle began in a 1990 divorce proceeding when Patricia Cohen accused then husband Steven A. Cohen of hiding his assets while formalizing a property division agreement. She claims he lied about losing his entire $9 million investment in co-op apartments.
The appeals court decision relied heavily on the evidence Patricia submitted regarding her discovery of a court file in 2008 revealing a $5.5 million dispute settlement paid to Cohen. Patricia’s 2009 fraud-based claims also involved allegations of Cohen’s 1985 $20 million insider trading profit from a tip given by fellow Wharton School graduates of the University of Pennsylvania.
Defense lawyers argued that Patricia was merely harassing Cohen and trying to gain media attention at the expense of her ex-husband.
Formalizing property division in divorce court proceedings can be tedious and complicated. To get the support and guidance you need, speak with the legal team at the Law Office of Andrew A. Bestafka, Esq., by calling (732) 898-2378 today.
Tina and Joe Simpson recently announced that they will be ending their 34-year marriage after Tina filed for divorce in Texas. Joe and Tina are the parents of Jessica and Ashlee Simpson.
Tina Simpson officially filed for divorce on Sept. 24, and court records show that the papers state “discord or conflict of personalities” as the reason for the divorce.
Before divorce papers were filed, rumors alleged that Joe was having an extramarital affair with a 21-year-old male model. Representation for the Simpsons has stated that theses rumors are untrue. The family’s rep went on to say that the split is “amicable” and that the family is asking for privacy during this difficult time.
A source also told reporters that Jessica Simpson is “very sad” about her parents’ divorce.
Dr. Paul Nassif and his wife Adrienne Maloof, stars of the reality television show The Real Housewives of Beverly Hills, have separately filed for divorce.
According to Us Weekly, the couple has decided to end their 9-year marriage, citing irreconcilable differences as the reason for the divorce.
After filing for legal separation, Maloof stated that she wants full physical and legal custody of their three boys. However, the couple is currently trying to decide what is best for their 9-year-old son and twin 6-year-old boys.
If you are considering a divorce, you need an experienced attorney on your side to help make this process go as smoothly as possible. Contact the Monmouth County divorce lawyers at the Law Office of Andrew A. Bestafka , Esq., by calling 732-898-2378 today.
The divorce rates among the baby boomer generation are currently on the rise with couples over the age of 50. According to recent research at Bowling Green State University, the figure of married couples over the age of 50 that are getting divorced is now one in four.
According to 5 News Online, in 1990, only one out of every 10 couples over the age of 50 got divorced. Officials say that longer life spans is a factor in why people are getting divorced later in life.
After retirement, at 60 or 65, people still have many years left and are attempting to reach self-fulfillment. Some also have stated that married couples over 50 may be in their second or third marriage and this means that divorce rates are 2.5 times higher.
If you or a loved one has been considering divorce, contact the Monmouth County divorce lawyers of the Law Office of Andrew A. Bestafka, Esq. today by calling 732-898-2378.