Welcome Guest
Log In | Register )
You last visited December 4, 2016, 3:15 pm
All times shown are
Eastern Time (GMT-5:00)

Judge rules lottery cash split properly

Texas LotteryTexas Lottery: Judge rules lottery cash split properly

Divorce case diminishes returns

After the Texas-sized taxes, a month-long trial, and some hefty legal bills, a $20 million Texas Lotto jackpot that is part of a local divorce case is shrinking.

But whatever the amount, Circuit Court Judge Robert Childers ruled Tuesday that there was no conspiracy by Cordova, Tennessee resident Larry Stack and co-worker Christine Fellows to hide the money from his wife, Rosemarie Fair Stack.

Phase two of the lawsuit, the divorce itself, is scheduled for October. With the ruling, only half of the jackpot may be considered marital assets rather than all of it.

Mrs. Stack argued that her husband and Fellows were romantically involved when Fellows bought the winning ticket in 2001 in Texas with money he gave her to play for him.

The wife questioned whether Stack and Fellows actually had a prior agreement to split any winnings and alleged it was only a ruse to deny her marital assets.

Stack and Fellows said they became involved months after hitting the jackpot and there was no intention to defraud Mrs. Stack, a commercial real estate broker who had her business attorney set up a partnership account for Stack and Fellows because the Texas lottery presents the check to only one ticket holder.

Stack's attorney, David Caywood, said Mrs. Stack was happy that Fellows called her husband about the multi-million-dollar prize instead of claiming it for herself and heading for Mexico. He said Mrs. Stack even bought her flowers upon her return to Memphis.

Childers said that based on the evidence and testimony from all involved, the "overwhelming" proof showed there was a pre-jackpot agreement between Stack and Fellows to split any winnings and that there was no conspiracy to defraud Mrs. Stack.

Stack and Fellows, who both retired from UPS, could have received $1 million a year for 20 years, but opted for an $11.2 million lump sum. After taxes they had about $3.6 million each, all of which was placed in the partnership account.

Lottery Post Staff

We'd love to see your comments here!  Register for a FREE membership — it takes just a few moments — and you'll be able to post comments here and on any of our forums. If you're already a member, you can Log In to post a comment.

6 comments. Last comment 11 years ago by CASH Only.
Page 1 of 1
Avatar
Sparta, NJ
United States
Member #18331
July 9, 2005
1977 Posts
Offline
Posted: July 20, 2005, 1:43 pm - IP Logged

Rosemarie Fair Stack

Remember that name. If you see her, run and hide. Her picture should be in all horse stalls.

Cheers

|||::> *'`*:-.,_,.-:*''*:--->>> Chewie  <<<---.*''*:-.,_,.-:*''* <:::|||

I only trust myself - and that's a questionable choice

    LOTTOMIKE's avatar - cash money.jpg
    Tennessee
    United States
    Member #7853
    October 15, 2004
    11338 Posts
    Offline
    Posted: July 20, 2005, 4:21 pm - IP Logged

    i live a few blocks from cordova in bartlett.pretty interesting this is the first i've heard of this case.....


      United States
      Member #379
      June 5, 2002
      11296 Posts
      Offline
      Posted: July 20, 2005, 4:53 pm - IP Logged

      AFAIK the TX annuity is paid in 25 or 26 installments, not 20.

        LOTTOMIKE's avatar - cash money.jpg
        Tennessee
        United States
        Member #7853
        October 15, 2004
        11338 Posts
        Offline
        Posted: July 21, 2005, 5:10 pm - IP Logged

        they are both retired from UPS.....

          LOTTOMIKE's avatar - cash money.jpg
          Tennessee
          United States
          Member #7853
          October 15, 2004
          11338 Posts
          Offline
          Posted: July 30, 2005, 3:11 am - IP Logged

          Rosemarie Fair Stack

          Remember that name. If you see her, run and hide. Her picture should be in all horse stalls.

          lol,good one....


            United States
            Member #379
            June 5, 2002
            11296 Posts
            Offline
            Posted: August 5, 2005, 10:20 am - IP Logged

            LOL