In May 1998, when Luke Weinstein got divorced, his stock in the small computer company, Product Technologies Inc. (PTI), was only worth $40,000 — according to his financial affidavit for his divorce settlement.
Once Again, Timing (and Honesty?) Is Everything
In May 1998, when Luke Weinstein got divorced, his stock in the small computer company, Product Technologies Inc. (PTI), was only worth $40,000 -- according to his financial affidavit for his divorce settlement. Five months later, his stock in the company that pioneered "smart card" technology, was purchased for $1,449,000 -- 36 times the value his financial expert calculated. In an effort to get what she considers her fair share of this windfall, his wife, Nancy, sued to open the divorce settlement on grounds of fraud.
By
Law.com Staff
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