To the great relief of many people in the financial industry, the recent matrimonial case of Kelly v. Kelly was settled. A short blurb appeared in the New York Post announcing that fact together with a reference to undisclosed terms of the settlement. Christina Kelly, in response to an application by her husband Sage Kelly for custody of their children, had submitted an affidavit alleging that her husband had induced her to partake in drug-fueled parties and sexual escapades with various cohorts and clients of the husband’s investment banking firm. Ms. Kelly also filed a parallel tort action for damages arising from her “he made me do it” defense to allegations in the custody action that she was an unfit parent.
Annexed as an exhibit to the electronically filed tort complaint was Ms. Kelly’s fact-filled affidavit in the matrimonial proceeding. Available online, it became a worldwide media sensation. As a consequence of the publication of these private matrimonial facts, Mr. Kelly was forced (at least temporarily) to withdraw from his firm.
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