Orange County Superior Court (Trial)
Orange County Superior Court (Trial)
Result: Court Finds Community Has Minimal Interest in $900K Stocks
Irvine divorce lawyer Eileen M. Solis prevailed in unique case where date of separation was alleged by husband to be 17 years before trial, while wife maintained the date was much more recent. This resulted in B&C’s client (husband) getting almost all of the $900,000 in stock holdings. The case spanned a multi-day bench trial with complex issues including: 1) Date of separation; 2) Value of community’s interest in almost $1,000,000 in Verizon stock; 3) Division of the marital assets and property; and 4) equalization payments between the parties. The issue regarding the date of separation (which would impact the value of the stock) and value of the community’s share of stock was vehemently litigated. Wife claimed the value of the community’s interest in stock was over $900,000. B&C’s client claimed the community’s share was dramatically less. The court found that Husband’s date of separation was the correct date and after presenting compelling testimony from an expert forensic CPA, the Court ruled that the value of the community’s interest in the stock was only $5,375.