The divorce case of a former Connecticut financial adviser and his wife has been ongoing for more than 10 years, and it shows no signs of letting up, according to a recent piece. It has seen almost 600 motions and rulings, and evidence presented of insider trading ended up destroying a multibillion-dollar hedge fund. The case has court dates scheduled through the next two months, and it now centers on disputes over child custody and visitation and the payment of expert fees.
The judge presiding over the case remarked that this was one of those divorce cases that simply spiraled "out of control...for whatever reason." The divorce was initially filed in August 2003 and granted by a judge in 2005 but has continued on due to the proliferation of motions.
The financial adviser has the ability to see his children in supervised conditions. However, he believes that this condition is unfair because it costs around $5,000 for him to travel from his current home in London to see them. The most recent dispute has centered around the fact that he claims his ex-wife has refused to schedule the unification therapy for himself and his children that the two apparently agreed to in January.
While protracted divorce cases like this are rare, they are not unheard of. High-asset divorces especially have the potential to dissolve into these situations. While those involved in high-asset divorces need to protect themselves and their rights, it's important to not let small disputes cloud one's view of the overall goal. An attorney may be able to provide someone going through a high-asset divorce with advice about what types of compromises may allow them give ground on some issues while protecting their interests in a big-picture way.
Source: USA Today, "No end in sight for 10-year-old divorce case", September 08, 2013