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Millionaire divorcee goes to court to claim back settlement money

City fund manager Bryan Meyerson has returned to the courts in an attempt to reclaim £9.5 million from an earlier divorce settlement with his wife. He claims that a 90% fall in the value of shares held by the couple would leave his ex-wife with over 100% of the couple's assets using the current value. In February of last year Mr Myerson's wife was awarded 43% of the couple's £25.8 million fortune which at the time was a fair split according to the law courts. However things have changed!

Specifically, the former Mrs Meyerson was apparently awarded £9.5 million cash although Mr Myerson chose to invest his £9.5 million fund in his fund management company Principle Capital Holdings (PCH). The shares in PCH have now collapsed and in effect Bryan Meyerson is looking to revert to the cash option available at the time. It is also claimed that Bryan Meyerson still owes his wife £2.5 million and will need to borrow money to cover this debt, thereby taking his wife's share of the current assets to a staggering 105%.

While this is an extraordinary example of what is going on at the moment it is something which is going to become more and more common over the weeks and months ahead as stock prices and business values continue to fall.

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