Word: courtelis
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Could the credit crunch get you out of paying that pesky divorce settlement? That's the teaser before London's Court of Appeal after Brian Myerson, a fund manager in the city, asked a panel of judges Wednesday to nix the $15.2 million agreement reached last March with his ex-wife Ingrid. The reason: turmoil in the markets has effectively wiped out his share of the couple's spoils. A ruling in Myerson's favor could see a tide of wealthy divorcees heading back to court in search of sweeter deals...
...pence right now. That's left Myerson's stake in the firm worth a measly $2.7 million. Should Myerson be made to pay the $3.5 million in cash he still owes his former wife, she'll have landed 105% of the couple's assets, Myerson's lawyers argued in court Wednesday, and he'll be left hundreds of thousands of dollars in the red. "The freefall in the value of the shares has completely changed the basis on which the case was settled," argued Martin Pointer, Brian Myerson's lawyer...
...Arguing that today's financial market chaos came out of nowhere will be key to Myerson's case. While Pointer, his lawyer, claimed in court recent events were indeed "unforeseeable and unforeseen", Nicholas Mostyn, representing Myerson's ex-wife, hit back that "the present downturn was totally foreseeable and indeed well under way" at the time of the couple's settlement a year ago. Moreover, Mostyn argued, as a fund manager, Brian Myerson knew as well as anyone that shares can go up as well as well as down. "He agreed in exchange for having a majority of the assets...
...Zaidi told the court last month that he could not control his emotions once Bush started speaking. "I had the feeling that the blood of innocent people was dropping on my feet during the time that he was smiling and coming to say bye-bye to Iraq with a dinner," he was quoted as telling the court. "So I took the first shoe and threw it, but it did not hit him. Then spontaneously I took the second shoe, but it did not hit him either. I was not trying to kill the commander of the occupation forces of Iraq...
...what if a guy threw his shoe at me?" he said at the time. But Prime Minister al-Maliki was not as blasé, and many Iraqis sympathetic to al-Zaidi, including his family, laid Thursday's conviction squarely at the Prime Minister's feet. "This is a political court. Muntazer is being treated like a prisoner of war. He is not a normal prisoner," the correspondent's brother Odai told reporters outside the courtroom. "This decision has been taken by the Prime Minister's office...