This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at http://www.bbc.co.uk/news/uk-30234705
The article has changed 6 times. There is an RSS feed of changes available.
Version 2 | Version 3 |
---|---|
Jamie Cooper-Hohn wins £337m in High Court divorce case | Jamie Cooper-Hohn wins £337m in High Court divorce case |
(about 1 hour later) | |
The American wife of a London financier has been awarded £337m by a High Court judge in a divorce case. | The American wife of a London financier has been awarded £337m by a High Court judge in a divorce case. |
Sir Chris Hohn and Jamie Cooper-Hohn, founders of the Children's Investment Fund Foundation, had fought over assets said to be worth more than £700m. | Sir Chris Hohn and Jamie Cooper-Hohn, founders of the Children's Investment Fund Foundation, had fought over assets said to be worth more than £700m. |
The sum is thought to be the biggest of its kind made by a judge in England after the couple separated following 17 years of marriage. | The sum is thought to be the biggest of its kind made by a judge in England after the couple separated following 17 years of marriage. |
Details emerged after a draft ruling was given to the pair's legal teams. | Details emerged after a draft ruling was given to the pair's legal teams. |
Lawyers met on Thursday to discuss a number of legal issues, including whether the judgement in the case could be made public. | |
Mrs Justice Roberts said although the hearing had been in private, what had been said could be reported. | |
A detailed ruling on the dispute has not yet been delivered. | |
Sir Chris and Mrs Cooper-Hohn attended the hearing, but neither commented as they left court. | |
American-born Mrs Cooper-Hohn, 49, had sought half their assets but Sir Chris, 48, offered a quarter, arguing that he had made a special contribution to their wealth throughout their marriage. | American-born Mrs Cooper-Hohn, 49, had sought half their assets but Sir Chris, 48, offered a quarter, arguing that he had made a special contribution to their wealth throughout their marriage. |
Philanthropy | Philanthropy |
Sir Chris, the son of a car mechanic and a legal secretary, graduated from Southampton University before making his fortune as a hedge fund manager. | Sir Chris, the son of a car mechanic and a legal secretary, graduated from Southampton University before making his fortune as a hedge fund manager. |
The couple set up the Children's Investment Fund, known as TCI, which works to transform the lives of poor and vulnerable children in developing countries. | The couple set up the Children's Investment Fund, known as TCI, which works to transform the lives of poor and vulnerable children in developing countries. |
The pair, who have four children, including triplets, have reportedly given away around £1bn. | The pair, who have four children, including triplets, have reportedly given away around £1bn. |
This is not the first high-profile divorce case to result in a large payout. | This is not the first high-profile divorce case to result in a large payout. |
The late Russian oligarch, Boris Berezovsky, featured in a multi-million pound case three years ago when it was reported that his former wife Galina Besharova had agreed to accept between £165m and £220m as part of a settlement. | The late Russian oligarch, Boris Berezovsky, featured in a multi-million pound case three years ago when it was reported that his former wife Galina Besharova had agreed to accept between £165m and £220m as part of a settlement. |