A Paul Weiss partner who lost millions of dollars as a result of Bernard Madoff's massive Ponzi scheme cannot force his ex-wife to "shoulder her share" of the losses, a New York judge has ruled. As part of a 2006 equitable distribution agreement, Steve Simkin claims he paid Laura Blank some $2.7 million, which he considered her fair share of their Madoff investments. After Madoff's arrest, Simkin attempted to redo the agreement, claiming it had resulted in a "windfall" for Blank.
December 24, 2009 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
A partner at Paul, Weiss, Rifkind, Wharton & Garrison who lost millions of dollars as a result of Bernard L. Madoff’s massive Ponzi scheme cannot force his ex-wife to “shoulder her share” of the losses, a Manhattan judge has ruled.
After 30 years of marriage, Steven Simkin, the chair of Paul Weiss’ real estate department, and Laura Blank spent nearly two years debating the value of their Scarsdale home, Simkin’s law partnership and a Manhattan apartment.
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