Saturday, 26 July 2014
Last updated 11 hours ago
Jun 6 2014 | 9:23am ET
The child-support battle between Steel Partners founder Warren Lichtenstein and his ex-girlfriend took yet another nasty turn this week, with the hedge fund manager accused Annabelle Bond of “poisoning” his relationship with their six-year-old daughter.
Lichtenstein is fighting a Hong Kong judgment last year ordering him to pay Bond $50,000 per month in child support. His lawyers allege that Bond, the daughter of former HSBC Chairman John Bond, lied about her financial condition. Bond’s current boyfriend, former Goldman Sachs executive Andrew Cader, pays Bond’s rent in what Lichtenstein’s lawyers call “the most expensive section of Hong Kong,” and generally helps finance a lavish lifestyle for someone “crying poverty.”
Worse still, “she is poisoning the relationship between child and father and inhibiting access,” Lichtenstein lawyer Stanley Arkin said.
Bond, through her lawyers, has denied the allegations.
"Annabelle Bond is a loving parent and a responsible person; respectful of the Orders of the Hong Kong Family Court and of the ongoing New York legal process and the privacy of her daughter, she does not consider it appropriate to comment publicly on these matters," said her lawyers.
Bond’s lawyer, Seth Lapidow, would not say how often Lichtenstein gets to see his daughter, Isabella. But he noted that he could see her more often if he paid the $1 million or so in back child support ordered by Hong Kong; he faces arrest in the city if he visits without doing so.
Bond's lawyers continued: "[G]iven the seriousness of outrageous allegations made by Mr Warren Lichtenstein, which attack the very core of any parent's responsibility to their child and their truthfulness in the court process, they require public and utter refutation on behalf of Ms Bond. It is entirely untrue to assert that Ms Bond has sought to restrict access to their daughter and in doing so has poisoned their relationship; the facts sadly speak for themselves, and Mr Lichtenstein has in fact missed his last four Court-ordered access visits with his daughter in Hong Kong. It is further untrue to suggest in any way, that Ms Bond deceived the Hong Kong court about her financial condition and needs."
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…