Ciancio Ciancio Brown, P.C.
(303) 872-8919
(800) 746-3560

Leaders in Litigation

High-asset divorce includes unusual and complicated claims

Denver divorce proceedings can be very complicated, particularly if highly valuable assets are involved. When millions are at stake, issues of alimony, asset division, and other financial disputes can stretch into years-long court battles, and may include novel legal claims.

For hedge fund billionaire Steve Cohen and his ex-wife Patricia Finke, the fight over the division of their marital assets has now lasted longer than the marriage itself, with their latest legal battle including a civil Racketeer Influenced and Corrupt Organizations act claim. The RICO allegation, brought by Finke, may be an attempt to touch on the insider trading accusations that her ex-husband’s hedge fund has recently been facing; several of Cohen’s employees were convicted of the crime, and Cohen himself is currently battling a Securities and Exchange Commission suit.

Finke’s lawsuit against Cohen is apparently the result of her 2006 discovery that her ex-husband had failed to disclose a $5.5 million lawsuit settlement that he received prior to their divorce. A district court judge ruled that while Finke cannot proceed with a RICO claim because she lacks standing, she can continue with her breach of fiduciary duty and fraud charges.

The initial divorce settlement awarded Finke $1 million, along with a valuable piece of Manhattan real estate and child support payments.

As this case illustrates, divorces can include multiple complex issues. This can be particularly true for a high asset divorce, as there is ample financial motivation on both sides to obtain certain outcomes. If you are thinking about initiating divorce proceedings, you may want to consider speaking with an attorney to answer any questions you may have regarding your assets.

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

Email us your case details

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

Broomfield Office
390 Interlocken Crescent
Suite 350
Broomfield, CO 80021

Toll Free: 800-746-3560
Phone: 303-872-8919
Fax: 303-464-8000
Map & Directions

Denver Office
1660 Lincoln Street
Suite 2000
Denver, Colorado 80264

Toll Free: 800-746-3560
Phone: 303-395-4773
Fax: 303-464-8000
Map & Directions

Breckenridge Office
106 North French Street
Suite 230
Breckenridge, CO 80424

Toll Free: 800-746-3560
Phone: 970-285-3077
Fax: 303-464-8000
Map & Directions

Privacy Policy | Business Development Solutions by FindLaw, part of Thomson Reuters.