Ex-Lone Star Funds exec, who wanted more for his 'genius,' loses $225M divorce fight
A former executive of Dallas-based Lone Star Funds, who asked judges to weigh the value of "genius" in a bid to win a bigger share of a $225 million fortune than his ex-wife, lost his divorce appeal at a London court on Tuesday.
Randy Work failed to convince a three-judge panel that his "special contribution" during their marriage meant he was entitled to a bigger share than the typical British practice of awarding a 50-50 division of marital assets.
Work and Mandy Gray, both American, were married for 20 years when they split. A lower-court judge said in 2015 that the multimillion-dollar estate should be equally split because while Work may have worked hard, the fortune was the result of "being in the right place at the right time, or benefiting from a period of boom," not his professional brilliance.
The appeal judges agreed saying the use "of the word genius is unhelpful," and that Work "failed to demonstrate that" the previous judge's "decision was wrong."
Read more: https://www.dallasnews.com/business/business/2017/04/11/ex-lone-star-funds-genius-executive-loses-225m-divorce-fight
(ciorrected link)
