XIT v XIS

A husband appealed against the division of matrimonial assets in a long marriage where the parties had been separated for 17 years before divorce proceedings began, with the main dispute concerning the valuation date for the husband's companies. The Appellate Division largely dismissed the appeal but adjusted the matrimonial pool, finding the default valuation date at the ancillary matters hearing was appropriate despite the long separation, and awarded the wife 47% of the $10.85 million pool.