Lundstrom
Lundstrom v. Young
Opinion
Trial Court Opinion
I. Background
8 Plaintiff and Defendant Young married on or around August 21, 1998 in Seattle, 9 Washington, and divorced on July 30, 2014 in Texas. ECF No. 45 (“FAC”) ¶¶ 13, 15. 10 The FAC alleges that Lundstrom became employed by Defendant Ligand on or about 11 January 8, 2016 and began participating in the Ligand 401(k) Plan on or about April 1, 12 2016. Id. ¶¶ 16, 18. As part of Plaintiff’s employment compensation package, Ligand 13 granted Plaintiff 18,010 company stock options in two lots (“Incentive Stock Options”). 14 Id. ¶¶ 20, 21. 15 On September 13, 2017, the District Court 231st Judicial District of Tarrant 16 County issued an order requiring Plaintiff to pay $55,533.03 in child support arrearages 17 to Young. Id. ¶ 22. According to the FAC, Young subsequently submitted a 401(k) 18 Qualified Domestic Relations Order (“401(k) QDRO”) and Stock Domestic Relations 19 Order (“Stock DRO”) to the District Court 231st Judicial District of Tarrant County for 20 the court’s signature. Id. ¶¶ 24, 32. Plaintiff alleges that the 401(k) QDRO submitted 21 sought to transfer to Young 100 percent of the benefits held in Plaintiff’s account in the 22 401(k) Plan, and the Stock…