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{"contentId":"3035537","authorDomain":"ap2398"}

UTC chairman gives countess $6.5M more for divorce

Fri Jul 17, 2009 7:36 PM EDT
business, us-news, us, divorce, expensive, united-technologies
Associated Press
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WEST HARTFORD — The chairman of United Technologies ended his marriage — and a highly publicized divorce trial — Friday by giving his Swedish countess ex-wife a settlement agreement worth about $50 million.

George David and Marie Douglas-David signed the pact in Hartford Family Court, drawing an end to a rancorous trial that featured days of testimony about lavish gifts, their jet-setting lifestyles and detailed accusations of infidelity.

The couple married in 2002 in Greenwich and signed a postnuptial agreement in 2005 that awarded 37-year-old Douglas-David the equivalent of $43 million if the couple split. But for months now she has been using a high-profile legal team, including New York celebrity divorce lawyer William Beslow, to bargain for about $99 million from David's $329 million fortune.

Trial hearings started in March and resumed Monday before Judge Stephen Frazzini.

Settlement talks began Tuesday night after a particularly difficult day on the stand for David, who was grilled about Douglas-David's attempts to repair the torn marriage while he was carrying out a relationship with girlfriend Wendy Touton. The sides had unsuccessfully sought to reach a settlement outside of court on several previous occasions.

The settlement gives Douglas-David, a Swedish countess and former Wall Street analyst, a $42.5 million portfolio plus $6.5 million and some personal property.

© 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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