SHK Founder Sues Ex-Wife Over $1M Shoe Collection

Jun 25 2012 | 1:44pm ET

Former hedge fund manager Daniel Shak has sued his ex-wife over her impressive collection of designer shoes.

The SHK Management founder, who last year pulled the plug on his hedge fund, is demanding an accounting of Beth Shak's 1,200-pair-strong collection, which he says could be worth about $1 million. If it is, he says he's entitled to 35% of the value, hundreds of thousands of dollars.

The Shaks divorced three years ago. But in Daniel Shak's filing, in suburban Philadelphia, he said it wasn't until last summer that he "became aware that Beth owned and failed to disclose an extensive… collection of Christian Louboutin shoes… and other high-end designer shoes and bags."

"Dan trusted his wife and was not inspecting his home to try to find inventory or 'secret rooms.'"

Beth Shak, who has a tattoo of a Louboutin stiletto, told the New York Post that she's "shaking her head" over the claims.

"He is saying he didn't know the closet in our master bedroom existed," she said.


In Depth

Q&A: Rotation Capital's Rothfleisch On SPAC 2.0

Aug 11 2017 | 7:43pm ET

Corporate actions have long been a staple of event-driven investors, but activity...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Star Mountain: Private Lending in the Lower Middle-Market

Aug 14 2017 | 4:45pm ET

Private credit has become one of the most popular alternative asset classes in recent...

 

From the current issue of