48-year-old James Dondero, co-founder and president of Highland Capital Management, has been avoiding a $5 million pre-nuptial pact payout to his 33-year-old wife Rebecca for two years in a divorce battle.
Dondero claimed insolvency in trial on October 23, stating that other pending lawsuits have drained his approximate $36 million in yearly earnings. He will find out in November if this claim will allow him to avoid the payout.
In 2012, his company profited $374 million, a four-fold return, with the sale of oil recycling company Safety-Kleen to Clean Harbors for $1.25 billion.
The couple has been married since 2006 and has two daughters.
If you or a loved one are filing for divorce or fighting for child custody, you need a compassionate and experienced attorney on your side. Please give our lawyers at Alexander & Associates in Colleyville a call at 817-756-4040; we are committed to winning the best possible outcome for each of our clients and their children.