Penn.'s high court recently granted the appeal in a divorce case involving stock options worth hundreds of thousands of dollars to executive Terrence Macaleer. He claims that the Superior Court's analysis was flawed when it held that the options were marital property. Macaleer argues that the options were issued before the parties separated and were neither vested nor exercisable until after separation, so there was no property acquired before separation.
May 17, 1999 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Stock options, one of the hottest issues in divorce law, hassurfaced again on the docket of the Pennsylvania Supreme Court.
In a case involving stock options worth hundreds of thousands ofdollars to a former executive at Chester County’s Shared MedicalSystems, the high court has agreed to decide whether the options –which were issued before the parties separated and were neither vestednor exercisable until after separation — constitute marital property.
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