Trustee seeking assets in Madoff case sues NY firm
Headline News
A trustee recovering assets for investors in the multibillion-dollar Bernard Madoff (MAY'-dawf) fraud has sued a New York-based investment management company that operated a hedge fund that invested heavily with Madoff.
The lawsuit was filed in December and unsealed on Monday in U.S. Bankruptcy Court in Manhattan. It says Tremont helped funnel more than $4 billion into Madoff's Ponzi scheme through its headquarters in Rye.
Trustee Irving Picard says Tremont managed the second largest group of feeder funds to assist Madoff in his fraud. Picard says Tremont should return more than $2.1 billion it received in transfers from Madoff in return for its 15-year investment.
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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.