Wednesday, 17 September 2014
Last updated 2 hours ago
Jul 21 2014 | 10:28am ET
Steel Partners founder Warren Lichtenstein must continue to pay $50,000 per month in child support to his ex-girlfriend, a New York judge has ruled.
Supreme Court Justice Manuel Mendez in Manhattan refused to block enforcement of a Hong Kong judgment last year ordering Lichtenstein to pay Annabelle Bond the huge monthly sum, saying, in effect, it didn’t matter whether Lichtentein’s claims that Bond is lying about her financial condition is true.
Mendez ruled that Lichtenstein’s “assertions of fraud are not sufficient to prevent enforcement of the Hong Kong judgment under the doctrine of comity,” and noted that Lichtenstein himself brought the court action in Hong Kong that led to the child support order in the first place.
Mendez also ordered Lichtenstein to pay Bond $570,110 in back child support and legal fees, plus interest.
Lichtenstein had argued that Bond, to whom he was briefly engaged, was “crying poverty” when she “lives in the most expensive section of Hong Kong, has two full-time maids and is driven about in a chauffeur-driven Range Rover.” Lichtenstein said Bond’s current boyfriend, former Goldman Sachs executive Andrew Cader, pays her rent—and has disguised millions in subsidies as loans. In addition, he pointed out, her father is the former chairman of HSBC and “one of the richest men in the world.”
Lichtenstein has also accused Bond of “poisoning” his relationship with his six-year-old daughter, Isabella.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
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