The ex-couple locked in New Jersey’s biggest divorce battle only has one physical asset at stake — a home they bought years ago for $3.6 million — but there’s bonkers more on the table when they return to court Tuesday.
Math whiz John Overdeck, 56, will resume his testimony in a Newark courtroom as he tries to keep estranged wife Laura Overdeck from successfully claiming 35% stake in his Two Sigma Investments hedge fund.
A win by the wife not only would net her a staggering $6.2 billion but also potentially tip the precarious balance of power atop the $80 billion hedge fund – where the husband is battling for control against fellow co-founder David Siegel.
John Overdeck testified last week about his concerns that the rancorous divorce proceeding and dispute with Siegel could harm Two Sigma – a claim that his soon-to-be ex-wife’s lawyer, Theresa Lyons, challenged.
“Isn’t it true that since the complaint for divorce has been filed, and since all of the press, the amount of assets under management at Two Sigma has actually increased?” she asked.
John Overdeck replied, “Yes, that’s correct.”
The tough questioning could be Laura Overdeck’s only chance to press her case that her husband’s stake in Two Sigma is a marital asset.
She was barred from taking the stand or calling expert witnesses after New Jersey state Family Court Judge Bruce Buechler found that she hacked her estranged hubby’s email, one of several of her alleged underhanded tactics.
The Overdecks married in 2002 without a prenuptial agreement, meaning they must split their assets.
His camp has offered his ex more than $600 million.
John Overdeck contends the Manhattan-based Two Sigma was founded years before their marriage – while his wife argues it effectively only existed on paper, with no real assets when they tied the knot.
Laura Overdeck is also seeking an equal share in hundreds of millions of dollars in treasury funds and their foundation — as well as restoration as an equal partner in the trusts established for their three kids.
Their massive marital home in Short Hills, NJ, appears to be the sole physical asset at stake.
The home is currently valued at $4.58 million on Zillow.
— Additional reporting by Reuven Fenton
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