Lois Kulinsky & Associates, Ltd.
Contact Us Today For a Free Consultation
847-459-4448
View Our Practice Areas

Woman sues billionaire ex for hiding financials in divorce

For those who go through a divorce in Lake County, Illinois, the idea of not getting a fair settlement can be a real fear. Sometimes divorces can get downright nasty, and one spouse may attempt to hide financial information from another as a way to keep it all to him or herself.

This is the allegation that one woman is making against her billionaire financier ex-husband. The two were married in 1979 shortly after the man had graduated and was beginning his career. They had two children together, but went through a high-end divorce in 1990. The man agreed to pay for the children’s private schooling, tutoring, extracurricular activities and summer camp along with $2,230 a month in child support. The woman received $1 million and their Manhattan apartment worth $3.8 million.

After the woman says she ran into financial troubles, she asked for more child support in 1991. She also claimed that her ex-husband had hid substantial income from her by filing a separate income tax statement. After a back-and-forth battle, the couple eventually agreed to more child support.

In 2006, the woman found out about a multi-million dollar settlement her ex-husband had received while they were married and did not tell her about. She filed a lawsuit against him in 2009 in which she accused him of breach of fiduciary duty and fraud. Her claim was approved by a judge recently and she can proceed with her lawsuit.

If you feel that you got the short end of the stick in your divorce settlement, you may consider speaking with a family law attorney who can review your settlement and address your concerns.

Source: The Wall Street Journal, “Steve Cohen’s ex-wife sues him, offers a glimpse of how the super-rich live,” Christina Rexrode, Jan. 27, 2014

No Comments

Leave a comment
Comment Information
  • The Chicago Bar Association
  • Lake County Bar Association | 1912
  • 10 Best | 2015 - 2019 | Attorney Client Satisfaction | American Institute of Family Law Attorneys
  • Illinois State Bar Association
  • DBR | Chamber of Commerce | Deerfield | Bannockburn | Riverwoods

Tell Us About Your Experience

Review Us
Email Our Attorneys

Contact The Firm

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Wheeling Office
395 East Dundee Road, Suite 200
Wheeling, IL 60090

Phone: 847-459-4448
Fax: 847-459-8548
Map & Directions

Libertyville Office
611 S. Milwaukee Avenue, Suite 4
Libertyville, IL 60048

Phone: 847-281-0200
Map & Directions

Buffalo Grove Office
355 W Dundee Rd
Suite 100
Buffalo Grove, IL 60089

Phone: 847-459-4448
Map & Directions