Gere v. Louis, A-78 September Term 2010; Supreme Court; opinion by Wefing, J.A.D., temporarily assigned; decided March 6, 2012. On certification to the Appellate Division. [Sat below: Judges Carchman, Lihotz and Ashrafi in the Appellate Division; Judge Urhmacher in the Law Division.] DDS No. 04-1-5455 [33 pp.]
Plaintiff Julia Gere was married to Peter Ricker for more than 30 years, during which they acquired substantial assets. The economic issues attendant to their divorce were resolved in a property-settlement agreement that provided, inter alia, plaintiff would have six months within which to advise Ricker on whether she wished to remain an equal partner with respect to certain of their ancillary real estate investments. Plaintiff’s understanding was that she would retain a one-half interest in Ricker’s interest in those investments unless she affirmatively advised him within six months that she did not wish to do so. One of these assets was Navesink Partners, L.L.C., which owned, among other things, the land that held two marinas and operated the business of the marinas.
