Rupert Murdoch's aim: A divorce with little fodder for tabloids
PRE-NUP, POST-NUP
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News Corp's Rupert Murdoch files for divorce from wife Wendi |
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Deng has yet to make any kind of public response to her husband's filing. Steven Rubenstein, a spokesman for Murdoch, declined to comment on whether the split could be resolved amicably.
Financial matters are likely to be governed by the agreements the couple signed. "New York is very favorable toward enforcing pre-nups," said William Zabel, an expert on such agreements.
In the Murdochs' case, they signed a pre-nuptial agreement in 1999, in which Sloan represented Wendi Murdoch, and they signed two post-nuptial agreements in 2002 and 2004, the person with knowledge of the case said.
Some divorce lawyers said that if the couple have not agreed on a proposed settlement, there is always the prospect of a public battle, if not one in the courtroom.
There is the possibility that "one wants something the other doesn't want to give," said Miami lawyer Jason Marks, who has represented celebrity clients including baseball player Alex Rodriguez.
The two girls have stakes in the family trust that holds the Murdochs' share of News Corp, but they do not have voting rights, unlike Rupert Murdoch's four grown children from his first two marriages.
The family trust owned 38.4 percent of the voting stock in News Corp as of April 30. Rupert Murdoch owns an additional 1 percent in voting shares. A source familiar with the matter said that Deng does not own News Corp stock on her own or have any voting rights.
In New York, claiming irretrievable breakdown for more than six months is an easy path to an uncontested divorce. Until the law was changed in October 2010, the state only allowed divorce by claiming fault against the other spouse, such as cruel and inhuman treatment, adultery or abandonment.
If the case proceeds without a settlement, it will be assigned at random to one of the matrimonial judges in New York state court in Manhattan. A preliminary conference will be scheduled several weeks after the judge is assigned.
If the case is not resolved before then, the Murdochs will be required to appear in court with their lawyers.
Daniel Jaffe, who represented Rupert Murdoch's second wife, Anna, when they split up after more than 30 years of marriage, said he hoped the divorce would be done "as amicably as the last divorce and settlement was done."
Jaffe said that despite the absence of a pre-nuptial agreement, the whole thing was done in less than a year.
"We finished that divorce in 10 to 11 months," said Jaffe, who is based in Beverly Hills, California. "We had no court appearances. Everything was disclosed amicably."
