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If my spouse loses money in the stock market, can I recoup the money that was lost in a California divorce case?

Yes. A recent case, IRMO Kamgar (12-8-17), found that if one of the spouses in a marriage wants to trade stocks that they need to have previously disclosed it to their spouse as well. In this case, one spouse traded stocks recklessly and did not disclose this to his spouse. The trading spouse lost a lot of money. The court ordered that the spouse who was the victim of the undisclosed losses, did not get to practice their rights as a partner concerning these assets and investments. The court ordered the reckless spouse to pay sanctions.

If you are going through a divorce and you are unsure of your spouse’s managing of investments, contact attorney Paul Eads today.

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