"Award in millionaire’s divorce upheld" by Dave Collins, Associated Press / February 12, 2011
HARTFORD, Conn. — The Connecticut Supreme Court has upheld a $3.8 million judgment against the founder of AIG Financial Products Corp. who was found to have short-changed his former wife in one of the country’s largest divorce cases.
Howard Sosin, 60, a derivatives specialist who founded the company in 1987 and left in 1993, was ordered by a lower court judge in Bridgeport to pay Susan Sosin nearly $24 million in cash after their 2005 divorce trial, in addition to the nearly $20 million in real estate and personal property awarded to her. He filed for divorce in 2003 after discovering hundreds of e-mails between his wife and her lover, and she later admitted in court to having two affairs....
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