Wednesday, May 10, 2006
Absent major amendments, key Democratic members of the California Legislative Women's Caucus say they are opposed to Senate Bill 1015, which would restrict public access to financial records in California divorce cases. Some view the bill as a “favor to billionaire grocery store magnate and financier Ron Burkle, who has sought to shield records in his own divorce.” If passed, upon request of either party, the measure would require a trial judge to redact sensitive financial information including a spouse's net worth, annual salary and balances in bank, brokerage or other financial accounts. A judge also would be required to redact Social Security numbers and home addresses. Proponents argue that the legislation is needed “to preserve privacy and discourage identity theft.” Source. Jim Sanders, sacbee.com. Please click here to read the complete story (last visited May 10, 2006, reo).