Williams v. Williams

Mr. Williams, in the course of his employment as an executive in companies controlled by John Portman, Jr., obtained interests in over a dozen limited partnerships (hereinafter the “Portman interests”). In the equitable division of the Williamses’ marital property, Mr. Williams received all the Portman interests allegedly based on the understanding of the parties that these interests were essentially valueless. Less than a year after the divorce, Mr. Williams filed a lawsuit regarding the Portman interests, which led to a settlement and the apparent liquidation of his Portman interests.…