The Respondent, Tatiane Steinberg, brought an urgent motion for a preservation/non-dissipation order and security for equalization, spousal, and child support after the Applicant, Jose Gustavo Steinberg, transferred over $4 million in assets to his mother in Brazil.
The court continued the preservation order and ordered the Applicant to post an irrevocable letter of credit for $400,000 to secure equalization obligations, with severe penalties for non-compliance.
The court declined to order security for child and spousal support at this stage due to conflicting evidence on income and the short nature of the motion, but ordered extensive monthly disclosure regarding the alienated assets.
The Applicant was also ordered to pay the Respondent $112,500 plus interest, representing the balance of her share from the matrimonial home sale proceeds, which he had improperly withheld.
The court also commented on counsel's failure to properly estimate motion time and case conference issues.