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April 29, 2006

Fry’s Electronics’ Wife Attacks PostNuptial Agreement for Fraud

Posted by Filed under Divorce, Marital Agreements.

The ex-wife of one of the owners of Fry’s Electronics stores is reportedly challenging a postnuptial agreement on the grounds that her ex-husband allegedly defrauded and coerced her into signing it.

In contrast to a prenuptial agreement, a postnup is a property settlement agreement entered by a couple at any time after they have married. A postnup is often made in connection with a divorce, but by no means always.

In this case, Mrs. Fry brought a separate civil suit with contract and business claims going to the heart of the structuring of the Fry holdings.

She hopes to get access in this case to financial records of Fry’s holdings that she apparently was not able to access in the divorce case.

Read more in this San Jose Mercury News article.

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