www.cnn.com/2005/LAW/03/25/divorce.settlement.ap -> www.cnn.com/2005/LAW/03/25/divorce.settlement.ap/
BRIDGEPORT, Connecticut (AP) -- A judge has awarded the former wife of a multimillionaire businessman a divorce settlement worth more than $40 mi llion even though she admitted having affairs with her rock-climbing gui de and a man she met on a flight to China. But she has to vacate the couple's two mans ions in Connecticut and three desert properties in Arizona. Richard Albrecht, attorney for Sosin's husband, Howard, estimated the tot al value of the award at $43 million, or 27 percent of the estate. "My opinion is her conduct in this matter affected the award," Albrecht s aid. Susan Sosin's lawyer, Frederic J Siegel, estimated the total value of th e award was about $45 million and said his client asked for about 45 per cent of the estate. "By anybody's standards, it's a large amount of money," Siegel said. "Bot h parties will be able to move on with their lives." Siegel said both sides were at fault for the divorce and defended his cli ent as a good mother. Howard Sosin, 54, who founded AIG Financial Products in 1987, filed for d ivorce after discovering his wife's relationships in February 2003. Duri ng an upgrade of their computer system, he found hundreds of e-mails bet ween his wife and her lover, according to testimony. Susan Sosin, 51, admitted in testimony that she had become intimate with a guide while rock climbing in 1996, though she said it was a spontaneou s and isolated occurrence. During a flight to China in 2000, she met a m arried man, and that led to a lengthy affair, according to testimony. "The parties' marriage has been undeniably marred by the defendant's infi delity," Superior Court Judge Howard Owens stated in his verdict. "Altho ugh her sexual relationship was not the sole cause of the breakdown, it did effectively terminate the marriage." Among the assets he gets to keep are $89 million in bank accounts, 10 of the couple's 18 car s, $960,000 worth of private club memberships and $22 million in fine ar t The couple met in 1978 when Howard Sosin was an assistant professor at Co lumbia University. At the time, she was married to another man and worki ng in retail. Howard Sosin served as the president and chief operating officer of AIG F inancial Products until 1993 when he left the company. Following litigat ion, he received $182 million from AIG.
|
http://csua.com/feed/