Legal fees mount in Madoff liquidation
Legal News Center
A court-appointed trustee and a Manhattan law firm working to unravel Bernard Madoff's massive fraud have rung up another $22.1 million in legals fees.
A judge approved the payment Thursday in federal bankruptcy court in Manhattan. It follows initial payouts of over $15 million in July.
Lawyers at the Baker & Hostetler firm say they're following a paper trail that spans the globe while laboring to process over 16,000 claims seeking to recover billions in losses.
Trustee Irving Picard reported last month that he so far recovered about $1.2 billion and sued hedge funds and other large investors for another $14.8 billion.
The 71-year-old Madoff was sentenced earlier this year to 150 years in prison for orchestrating an epic Ponzi scheme that wiped out life savings and entire charities.
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Grounds for Divorce in Ohio - Sylkatis Law, LLC
A divorce in Ohio is filed when there is typically “fault” by one of the parties and party not at “fault” seeks to end the marriage. A court in Ohio may grant a divorce for the following reasons:
• Willful absence of the adverse party for one year
• Adultery
• Extreme cruelty
• Fraudulent contract
• Any gross neglect of duty
• Habitual drunkenness
• Imprisonment in a correctional institution at the time of filing the complaint
• Procurement of a divorce outside this state by the other party
Additionally, there are two “no-fault” basis for which a court may grant a divorce:
• When the parties have, without interruption for one year, lived separate and apart without cohabitation
• Incompatibility, unless denied by either party
However, whether or not the the court grants the divorce for “fault” or not, in Ohio the party not at “fault” will not get a bigger slice of the marital property.