IRMO Blackburn
Mar 09, 2011OUTCOME: Stock found to be marital propery. Wife awared approximately $2.0mm
Case concerned classification of Husband's stock in closely held corporation. Prior to the marriage, Husband held 2,305 stock options that were fully vested and exercisable. After marriage Husband us ... ed $2,305 of marital funds to exercise options and obtain stock valued at approximately $6.0mm. Wife claimed stock was marital, Husband claimed he owed reimbursement to marital estate of $2,305. Brian represented the Wife at trial. Brian prevailed at trial and successfully defended Judgment on appeal.
