New York appeals court upholds $6.83m divorce award to wife over business stakes

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An appeals court in New York has upheld a divorce settlement in which Shirley F. Atkins receives $6.83 million from her former husband, James C. Atkins. The ruling confirms her entitlement to 22.5% of his business interests and proceeds from a stock sale. Both parties had argued for changes to that percentage, but the court did not adjust it. The court also decided how taxes on the settlement would be handled and how payments would be structured. The decision illustrates how courts divide marital assets equitably during divorce proceedings.

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