Former oil executor Todd Kozel does not have to pay his ex-socialite wife $ 38 million as part of their controversial divorce, after a Florida appeals court overturned a decision ordering him to make the hefty settlement, according to court pieces.
The court of appeal ruled that Kozel had already met his obligations to his ex-wife Ashley, Kozel says in a statement released on Monday.
Kozel was on the hook for $ 38 million after he had delivered 23 million shares of his former company Gulf Keytsone Petroleum as part of their 2012 divorce agreement.
Todd Kozel does not have to pay his ex-socialist wife $ 38 million as part of their controversial divorce, after a Florida appeals court reversed a judgment ordering him to pay
Kozel had delivered 23 million shares from his former company Gulf Keytsone Petroleum as part of his 2012 divorce agreement with former wife Ashley (photo)
The Second District Court of Appeal in Tampa said on Wednesday (photo) that the now retired judge of the Sarasota family court, Nancy Donnellan, was not competent to decide that Kozel had to pay his ex-wife $ 38 million
His ex argued that the delay ultimately cost her a higher selling price on the market, a claim that a judge in a family court agreed to and ordered Kozel to pay.
However, the Second District Court of Appeal in Tampa on Wednesday ruled that the now retired judge of the Sarasota family court, Nancy Donnellan, was not competent to make such a judgment.
In the light of the court's decision, Ashley Kozel's lawyer, Zachary Potter, said his client must now go to another court to claim damages for breach of the settlement agreement.
& # 39; More important than the decision taken on Wednesday are the earlier decisions of the same court of appeal confirming Judge Donnellan's decisions that Mr Kozel has committed serious fraudsters, & Potter says in a statement.
He specifically notes that the judge found that Kozel discovered & # 39; forged documents to bring about a fraud at the court & # 39; and undermine the authority of the court & # 39 ;.
Potter accused Kozel of wanting to make the test sensational & # 39 ;.
& # 39; Ultimately, he is the one who has turned a simple contract dispute into fraud at both state and federal courts – all because he did not want to place a bond to secure a stay & # 39 ;.
Since the family court ruling, the ex-wife, herself a lawyer, has put a lot of effort into trying to secure the settlement money.
In October 2015, she informed another lawyer from her, Jeffrey Fisher, New York Fertility Institute about the ruling, and said that if they accepted her ex-husband's money, & # 39; all rights and remedies & # 39; against the company will be sought to get those funds.
The notification came after Ashley reviewed her ex-husband's credit card statements and saw multiple charges for the facility, which was visited by his then 30-year-old Inga Kozel, his new Lithuanian wife.
The message to the New York Fertility Institute was short and concise; & # 39; We represent Ashley Kozel, former wife of Todd Kozel. Kozel is currently married to Inga Kozel.
& # 39; We have reviewed Mr. Kozel's credit card statements, which shows that many major costs have been incurred at the New York Fertility Institute.
& # 39; Enclosed as Asset Injunction and Order entered by the Circuit Court of the Twelfth Judicial Circuit of Sarasota, Florida on September 11, 2015. & # 39;
After his divorce from 2012, Kozel remarried to his younger, Lithuanian wife Inga (photo)
Kozel's ex-wife Ashley, trying to get her $ 38 million, had her lawyer contact a New York fertility clinic and notify them of receiving payments for his new bride, Inga (photo ) that was treated in the facility
The order also informed New York Fertility Center that deposits & monies from the ex-husband and his new wife must remain frozen and not be used pending resolution of this claims & # 39 ;.
A source near Kozel and Inga said about the order at the time; & # 39; What kind of woman wants to prevent another woman she has never met from having a child? & # 39;
However, Kozel and his new wife got good news when the New York Supreme Court issued a protective order stating that Ashley and her attorney could no longer grant enforcement proceedings at the New York Fertility Institute or another health care provider to the suspect (Kozel ) or Inga Kozel & # 39 ;.
The compensation from the judge came after Ashley's lawyer claimed that she lost money because the shares were transferred after a deadline set for their distribution.
The lawyer argued that Ashley could have sold the stock at its peak if she had received it earlier.
Shortly thereafter, Kozel said in court that he did not have the money to cover the $ 38 million awarded to his ex and started working on an appeal against the ruling.
Kozel and his ex-wife Ashley depicted in happier times
The former oil baron after his appellate victory says he had fallen victim to a & # 39; scorched earth campaign & # 39; who was being pursued by his ex-wife after he remarried, and that his ex-lawyer and her lawyer, Fisher, had even prosecuted them, seeking an order to prevent his new bride from receiving fertility treatment.
"Ashley Kozel's behavior toward her ex-husband is terrible," said Jeffrey Crockett, attorney for Todd Kozel, in a released statement.
& # 39; She and her legal team have been on a vendetta against him since he remarried. They found a Florida judge who was willing, even eager, to ignore the facts and help with the demonization of Kozel & # 39 ;, Crockett continued.
& # 39; But the facts – and the law – have won. Kozel will now pursue his extensive legal options with regard to Mrs. Kozel and her lawyer & # 39 ;.
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