Divorce case from 1980’s continues forward
When a couple decides to divorce, there is no denying the fact that both parties want to get this over with as soon as possible. They realize that the process can be stressful and hope to finish things off without much trouble. While this works out for some, others find that the process continues to drag on.
Our Virginia readers, along with many others, have been following the divorce story of hedge fund billionaire and his ex-wife. A federal judge recently issued a ruling that would advance the divorce case.
The couple split in 1988; however, the divorce continues to drag on for a number of reasons. Most notably, Cohen's ex-wife claims that she was misled at the time of separating regarding the value of his assets. According to the woman, Cohen did not disclose a $5.5 million legal settlement that he received. Despite the fact that the judge rejected a civil racketeering claim by the woman, he let claims of breach of fiduciary duty and fraud move forward.
The judge noted, "This is a case to restore faith in the old-fashioned idea that divorce is something that last forever."
At this point, no trial date has been set, but it is only a matter of time before the two parties face off in court to reach a final resolution.
A divorce case that lasts this long is one that requires the time and attention of multiple legal professionals. Those who are locked up in a divorce battle should realize that consulting with an attorney may improve their chances of a quick resolution, although this is never guaranteed.
Source: CNN, "Money might not buy you love, but it can get you some pretty good divorce lawyers." James O'Toole, Jan. 27, 2014
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