Wednesday, October 4, 2017
From Business Insider:
BOSTON (Reuters) - The highest court in Massachusetts on Monday said a senior executive at Fidelity Investments will not have to pay a percentage of his future income to his former wife in a closely watched decision that dealt a setback to variable alimony awards in the state.
The Massachusetts Supreme Judicial Court ruled in favor of Derek Young, president of Fidelity's global asset allocation division, whose annual gross income has topped $7 million in recent years. The court concluded that Young's former wife, Joy, was not entitled to 33 percent of his future income, according to an opinion released on Monday.
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