From High To Low

This was a high-asset, lavish lifestyle New Jersey divorce. He was worth over $35.5 million before, but suddenly claimed he was "penniless" shortly after signing a pendente lite support agreement. Once the trial judge found that the marital lifestyle belied this contention, the husband's authority over two corporations and the family trust entities was terminated, his involvement was discontinued and the wife was appointed trustee with sole and exclusive management authority. The Appellate Division affirms. Sherman v. Greitzer, et al., New Jersey App. Div., March 25, 2005