Marriage of Colman CA1/4

I. BACKGROUND

A. The Marital Settlement Agreement Husband and Wife were married in 1970 and divorced in 2007. As part of their divorce, the parties entered into the MSA agreeing to a division of their assets and

1 requiring Husband to pay Wife spousal support of $1,500 per month. The September 2007 judgment of dissolution ordered spousal support and division of property in accordance with the terms of the MSA. Among the MSA’s terms, Husband would receive an apartment in New York City. B. The Motions In June 2010, Wife filed an order to show cause (OSC) seeking enforcement of the judgment of dissolution, division of omitted assets (Fam. Code, § 2556)1, and attorney fees and sanctions. Wife alleged the parties entered into the MSA after they exchanged financial disclosures. According to Wife, she later learned a number of facts: that Husband had misrepresented the amount of his ownership stake in a company known as Olympic Precision, Inc. (OPI); that OPI owed Husband more than $100,000 in loans as of the date of separation; that Husband had not disclosed that OPI owed him more than $100,000 in salary earned during the marriage; that he had not disclosed certain financial…