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Divorce litigation may play role in Ackman-Herskovitz case

When individuals are going through a particularly difficult time ending their marriage, they may not feel as if they can amicably work together. As a result, many California residents choose to utilize divorce litigation in order to address divorce issues. When parties are dealing with a high-asset situation, litigation is not uncommon.

Litigation could come into play with one such divorce currently underway in another state. Reports indicated that billionaire hedge fund owner Bill Ackman and his wife Karen Ann Herskovitz have decided to end their marriage after 25 years. As of last year, Ackman's personal worth was estimated at $1.65 billion, and according to reports, Herskovitz could potentially obtain half of that wealth in the divorce. 

Though it was noted that the ex-couple had been able to maintain a civil accord, certain personal details could potentially make their divorce proceedings more complex. Ackman has reportedly already entered a new romantic relationship, and Herskovitz is less than happy about the occurrence. If this particular factor results in an emotion-driven divorce, litigation may prove likely if such proceedings have not already begun. 

Certainly, some individuals may be able to utilize alternative dispute resolution methods, such as mediation, but those options do not fit everyone's circumstances. Therefore, understanding divorce litigation procedures may help California residents gain a better idea of what they may face if they go through such proceedings. Discussing this route with experienced attorneys could prove useful for interested parties looking to find out more information.

Source: jewishvoiceny.com, "Ackman's "Big Money" Divorce Gets Complex Due To New Relationship", Anat Ghelber, March 29, 2017

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