Long Island Resident Wins Groundbreaking Prenup Lawsuit

John Mitty Tuesday, March 12, 2013

Elizabeth Petrakis, a Long Island resident, recently went to court with her ex-husband, Peter Petrakis, over the terms of the prenuptial agreement she signed with him.  What makes the case so groundbreaking?  The fact that Petrakis managed to get the agreement tossed out by the court on the basis that her husband had broken faith with her on a verbal promise alone is quite singular.  This makes the case a landmark one, and it is getting nationwide coverage as a result.

What are the details of the case?  Elizabeth Petrakis was presented with a prenuptial agreement by her fiancé six weeks before their marriage in 1998, stipulating that he would only give her $25,000 for every year they had been married in the case of a divorce and no more.  When Elizabeth refused to sign the agreement, Peter vowed that he would toss the paperwork once they had children.  Elizabeth, now a mother to three children, struggling to get by on the meager divorce settlement, eventually realized that not only had he never thrown out the agreement, but that he never intended to do so.  Further evidence of their broken faith helped Elizabeth’s lawyers to seal her argument.  For example, Peter had never listed her on the title of their dream home, and after divorcing her, moved into a substantially more valuable one. 

Elizabeth’s lawyers were able to convince the court that Peter had never had any intention of honoring his verbal agreement, and that he had therefore fraudulently deceived her into signing the agreement and marrying him in the first place.  Peter Petrakis is worth an estimated $20 million. 

jmitty@longislandyellowpages.com

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