The Applicant sought an increase in spousal support from $15,000 to $30,000 per month, and retroactive support, arguing a material change in circumstances due to the Respondent's undisclosed significant increase in income and net worth following a business merger and IPO shortly after their separation agreement was finalized.
The Respondent argued against variation, citing the Miglin test and claiming the Applicant had access to income from her father's businesses held in trust.
The court found the Respondent engaged in blameworthy conduct by misrepresenting his financial circumstances and failing to disclose the impending business transaction.
The court also affirmed the existence of a resulting trust over the assets held by the Applicant for her father, meaning no income could be imputed to her from those assets.
The court varied the spousal support to $25,000 per month, retroactive to January 1, 2009, and ordered a lump sum payment.