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Court upholds $4.7 million judgment in divorce case, orders hearing on stock interests

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In a divorce decree complicated by the husband’s ownership and interest in several construction and development companies, the Indiana Court of Appeals affirmed he must pay his wife more than $4.7 million as an equalization payment, plus any interest accruing after 90 days.

Jeff and Christina Crider were married for 27 years before Christina Crider filed for divorce in 2009. She was mostly a stay-at-home mom during the marriage whereas Jeff Crider is involved in a large number of business entities with his father, Robert, and his brother, Steve.

During the divorce proceedings, Jeff Crider was not very forthcoming with his annual income, but the trial court imputed he earned nearly $920,000 a year, so he should pay more than $1,200 a week in child support.

The case is complicated by “loans” either Jeff Crider made to the companies or his father made to Jeff Crider, money that was never paid back; and disputes over valuation of land and equipment owned by the companies.

Ultimately, Monroe Circuit Special Judge Frank Nardi found Jeff Crider’s business and real estate interests in 2009 totaled more than $11 million and evenly split the marital estate. Because Christina Crider received few liquid assets, the judge required Jeff Crider to make an equalization payment to her of $4,752,066. It would bear statutory interest unless paid in full within 90 days. To secure payment of the judgment, Nardi gave Christina Crider a security lien on all of her husband’s shares and ownership in the businesses. If the judgment isn’t paid in full within 180 days of the final judgment, then she retains ownership and control of the shares until the judgment is fully paid.

In a 57-page decision authored by Judge Michael Barnes, the COA found no error in granting Christina Crider security interests in Jeff Criders’ stock and membership interest, but it ruled Nardi erred in granting her automatic vested “ownership and control” in them upon Jeff Crider’s failure to pay the equalization judgment within 180 days.

The judges also affirmed the decision to delay reduction of Jeff Crider’s child support obligation for 90 days from $1,200 a week to $308 after Christina Crider receives the equalization payment. They reversed Nardi’s decision to require Jeff Crider to pay the $1,257 per week in child support because the equalization payment had not been made that was entered after an appeal was filed in this case. Jeff Crider’s child support obligation remains at $308, the COA held.

The appellate court also remanded for the trial court to enter amended garnishment, attachment and child support income withholding orders that comply with Indiana Code 24-4.5-5-105. The judges affirmed in all other respects.

The case is Jeffrey Crider v. Christina Crider, 53A05-1307-DR-358, 53A04-1401-DR-26.

 

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  1. dsm 5 indicates that a lot of kids with gender dysphoria grow out of it. so is it really a good idea to encourage gender reassignment? Perhaps that should wait for the age of majority. I don't question the compassionate motives of many of the trans-advocates, but I do question their wisdom. Likewise, they should not question the compassion of those whose potty policies differ. too often, any opposition to the official GLBT agenda is instantly denounced as "homophobia" etc.

  2. @ President Snow, like they really read these comments or have the GUTS to show what is the right thing to do. They are just worrying about planning the next retirement party, the others JUST DO NOT CARE about what is right. Its the Good Ol'Boys - they do not care about the rights of the mother or child, they just care about their next vote, which, from what I gather, the mother left the state of Indiana because of the domestic violence that was going on through out the marriage, the father had three restraining orders on him from three different women, but yet, the COA judges sent a strong message, go ahead men put your women in place, do what you have to do, you have our backs... I just wish the REAL truth could be told about this situation... Please pray for this child and mother that God will some how make things right and send a miracle from above.

  3. I hear you.... Us Christians are the minority. The LGBTs groups have more rights than the Christians..... How come when we express our faith openly in public we are prosecuted? This justice system do not want to seem "bias" but yet forgets who have voted them into office.

  4. Perhaps the lady chief justice, or lady appellate court chief judge, or one of the many female federal court judges in Ind could lead this discussion of gender disparity? THINK WITH ME .... any real examples of race or gender bias reported on this ezine? But think about ADA cases ... hmmmm ... could it be that the ISC actually needs to tighten its ADA function instead? Let's ask me or Attorney Straw. And how about religion? Remember it, it used to be right up there with race, and actually more protected than gender. Used to be. Patrick J Buchanan observes: " After World War II, our judicial dictatorship began a purge of public manifestations of the “Christian nation” Harry Truman said we were. In 2009, Barack Obama retorted, “We do not consider ourselves to be a Christian nation.” Secularism had been enthroned as our established religion, with only the most feeble of protests." http://www.wnd.com/2017/02/is-secession-a-solution-to-cultural-war/#q3yVdhxDVMMxiCmy.99 I could link to any of my supreme court filings here, but have done that more than enough. My case is an exclamation mark on what PJB writes. BUT not in ISC, where the progressives obsess on race and gender .... despite a lack of predicate acts in the past decade. Interested in reading more on this subject? Search for "Florida" on this ezine.

  5. Great questions to six jurists. The legislature should open a probe to investigate possible government corruption. Cj rush has shown courage as has justice Steven David. Who stands with them?

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