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New York Man Sues Former Wife Over Secret Twitter Stock Worth Millions

New York Man Sues Former Wife Over Secret Twitter Stock Worth Millions

Picture the scene. You’re happily married. Then, one day, you’re not, going through a messy divorce. Years later, you find out that your wife was an early, secret investor in Twitter. A fact that she hid from you. Now, post Twitter IPO, that investment is worth tens of millions.

What do you do?

Shrug it off? Put it down to bad luck? Perhaps. But what if you’d been paying a lot of child support every month since the divorce – which, incidentally, took place in 2006 – despite only making a modest living? Maybe now you’d feel that you deserved a share of that Twitter investment, particularly as your partner never declared her assets during the divorce proceedings.

Bizarre as it might seem, this very modern legal case is happening right now, with a Brooklyn dad suing his former wife who, he claims, hid a 2006 Twitter investment from him that could be worth as much as $50 million.

Stuart Strumwasser, 47, claims that his former wife, Jennifer Johnson, 46, made a secret trip to meet with Twitter founders prior to their divorce in 2006, and invested between $10,000 and $50,000 in the then-fledgling social networking company.

Fast-forward to November 2013, and that stake is worth between $10 and $50 million.

Strumwasser, who pays $2,465 a month in child support – an amount he claims is three times the legal requirement – is, understandably, a bit annoyed. He wants $120,000 in child payments returned plus 30 percent of his wife’s Twitter shares, on the grounds that the omission of her assets in marital court constitutes fraud.

Johnson, meanwhile, describes the claims as “utterly ridiculous” and that Strumwasser is “out of his mind”.

Take this one with a hefty pinch, both inasmuch as its source is Page Six in the New York Post, and, even if the story turns out to be 100 percent true, the claims of the parties involved might not. But, accepting everything at face value, it will be interesting to see how it turns out and if the court can determine a fair outcome.

(Source: New York Post.)

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