Billionaire investor Ronald Perelman lost a multimillion-dollar lawsuit over how much money the estate of ex-wife Claudia Cohen should receive for her share in a family partnership. The court opted to enforce a formula in the partnership agreement that fixed the buyout at $177,808, rather than the $11.5 million sought by Perelman, the executor of the estate. The judge found the buyout price, though "radically" below fair-market value, was not unconscionable, but remarked that "the disparity offends my inner scale."
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Financier Perelman Seeks $11.5 Million in Estate Fight but Gets $177,808
New Jersey Law Journal
August 14, 2009
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