A month ago, we reported how Chicago billionaire Ken Griffin filed for divorce from his wife of more than a decade, Anne Dias Griffin. We noted that it could be one of the most expensive divorce settlements in American history, which is why it is garnering plenty of media attention nationwide.
As the wealthy hedge fund operator is worth a reported $5.5 billion and is ranked as one of the wealthiest people in the world, many people have been speculating about what the split will entail. But, as it turns out, there are some misunderstandings about high asset divorce circulating that the Chicago Tribune recently put to rest.
First, there was some speculation that Ken Griffin would be at an advantage during the divorce because he filed first. In reality, there are few benefits to filing for divorce under Illinois law because the divorce is ultimately granted to both parties. Who filed first really doesn’t affect the outcome of the property division, child custody issues or other matters.
Second, it was reported early on that Anne Dias Griffin retained a famous attorney who is known as a “pit bull” within family law. Will this give her an edge in the case? Probably not. As the Chicago Tribune reported, judges don’t care about a lawyer’s reputation for being a “pit bull,” what they do care about is how well the attorney presents the case.
Finally, while many people in Illinois and the rest of the country may be eager to find out dirty details of the wealthy couple’s marriage and breakup, we might not actually hear much at all. Just because the Griffins weren’t able to settle the divorce before filing doesn’t mean that they won’t still have a chance to do so, keeping the details of their case private.
Post: Chicago Tribune, “Outside Opinion: Myth-busting a high-profile divorce,” Jay Frank, Aug. 10, 2014