A former oil executive must pay his ex-wife $34 million for a five-week delay in transferring company stock to her. West Palm attorney Jeff Fisher persuaded a judge to rely on a little-used precedent for damage calculations.
October 05, 2015 at 12:00 AM
1 minute read
A former petroleum executive’s decision to drag his feet in transferring company stock to his ex-wife will cost him $34.6 million.
A Sarasota judge found former Gulf Keystone Petroleum Ltd. CEO Todd Kozel owed his ex-wife millions for delaying the stock transfer for five weeks. Ashley Kozel’s West Palm Beach attorney persuaded the judge to rely on a little-used precedent called the Madison Fund doctrine for damage calculations.
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