Eugenie Sterling Trotter v. John C. Maxwell, Jr.

CourtCourt of Appeals of Virginia
DecidedAugust 5, 1997
Docket1707962
StatusUnpublished

This text of Eugenie Sterling Trotter v. John C. Maxwell, Jr. (Eugenie Sterling Trotter v. John C. Maxwell, Jr.) is published on Counsel Stack Legal Research, covering Court of Appeals of Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

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Eugenie Sterling Trotter v. John C. Maxwell, Jr., (Va. Ct. App. 1997).

Opinion

COURT OF APPEALS OF VIRGINIA

Present: Judges Benton, Coleman and Elder Argued at Richmond, Virginia

EUGENIE STERLING TROTTER MEMORANDUM OPINION * BY v. Record No. 1707-96-2 JUDGE LARRY G. ELDER AUGUST 5, 1997 JOHN C. MAXWELL, JR.

FROM THE CIRCUIT COURT OF THE CITY OF RICHMOND Donald W. Lemons, Judge Sylvia Clute for appellant.

James C. Roberts (William F. Etherington; Mays & Valentine, L.L.P.; Beale, Balfour, Davidson & Etherington, P.C., on brief), for appellee.

Eugenie Sterling Trotter (wife) appeals an order of the

trial court denying her claim that John C. Maxwell, Jr. (husband)

violated the trial court's earlier order enforcing the alimony

provision of the parties' property settlement agreement

(agreement). She contends that the trial court erred when it

concluded that the doctrine of collateral estoppel did not

preclude the parties from litigating whether husband had properly

excluded the income he earned from the distribution of his market

share reports from the calculation of his alimony payment in

1988, 1989, 1990, 1991, and 1994. In the alternative, wife

contends that the trial court erred when it concluded that

husband did not violate the alimony provision of the agreement in * Pursuant to Code § 17-116.010 this opinion is not designated for publication. these years. For the reasons that follow, we reverse and remand.

I.

FACTS

The parties married in 1953 and divorced in 1975. Since the

late 1950's, husband has worked as a research analyst in the

stock brokerage industry and has built a national reputation as

an expert in the food, beverage, and tobacco industries.

Throughout his employment as a research analyst, husband has

prepared for the investor-clients of his employers reports (stock

recommendation reports) that analyze the recent performance of

individual companies in the food, beverage, and tobacco

industries and recommend whether their stock should be bought,

sold, or held. Since 1960, husband's professional activity has

also included preparing reports (market share reports) about

recent trends in the food, beverage, and tobacco industries and

the current market share of companies competing in these

businesses. Historically, husband has earned income (market

share income) from sales of his market share reports to both 1 trade magazines and corporations whom he also consults. Prior to their divorce, the parties entered into the

agreement on April 1, 1975. The agreement addressed numerous 1 Throughout the proceedings below, the parties referred to the income earned by husband from his market share reports as "hard dollar income" because this income was paid directly to husband and was not subject to any contingency. For the sake of clarity, we will refer to this income as "market share income" because it arose from husband's writing and consulting activities that involved the distribution of his market share reports.

-2- issues between the parties, including the payment of alimony by

husband to wife. The relevant portion of the alimony provision

states: 6. ALIMONY

* * * * * * *

Beginning January 1, 1976, Husband agrees to pay to Wife as alimony twenty-eight per cent (28%) of the first Three Hundred Sixty Thousand and 00/100 Dollars ($360,000.00) gross income he may earn from his employment per calendar year.

[Husband] agrees not to divert any funds which he might receive from said employment for the purpose of circumventing and/or avoiding payment of alimony, except Husband may defer compensation, provided that such deferred compensation shall be treated as gross income for the purpose of the computation of alimony.

In 1976 and 1977, the trial court ordered, among other things,

that husband "continue to pay in a current fashion his alimony

obligations to [wife] under the April 1, 1975 Agreement between the parties."

In 1984, wife filed a lawsuit in the Federal District Court

for the Southern District of New York (federal court) to enforce

the agreement's alimony provision. Wife contended that husband

underpaid her in 1982 by failing to include his market share

income in his "gross income . . . from his employment" for the

purpose of calculating his alimony obligation. The federal court

-3- held (1) that the parties intended "gross income . . . from his

employment" to mean the income husband earned "as an employee"

and (2) that husband violated the agreement in 1982 because his

market share income earned while working for Lehman Brothers was

from his employment and should have been included in the

calculation of his alimony obligation.

In late 1987, husband began his current employment with

Wheat First Butcher Singer. Prior to beginning this employment,

husband negotiated a contract with Wheat that formally

distinguished his "business" of distributing his market share

reports from his employment relationship with Wheat. The

contract permitted husband to continue preparing and distributing

his market share reports to trade magazines and corporations as

an "independent contractor" and did not require that husband's

market share income flow through Wheat's accounting system. The

contract did require husband to make a periodic accounting of his

market share income, to terminate any relationship with any

client upon Wheat's request, and to "conduct [himself] in such a

way that no confusion exists as to the relationship between

[husband's business] and Wheat." After commencing his employment with Wheat, husband

exclud[ed] his market share income from his "gross income . . .

from his employment" when calculating his alimony payment to

wife. In 1992 and 1993, wife received the maximum amount of

alimony possible under the agreement so that any exclusion of

-4- husband's market share income from his employment income was not

an issue. However, in 1988, 1989, 1990, 1991, and 1994, husband

earned less than $360,000 in salary from Wheat. His market share

income during these years was substantial. In each of these

years, husband excluded his market share income from his alimony

calculation and instead paid wife 28% of his salary from Wheat.

In August, 1995, wife filed a motion for judgment and a

petition for a rule to show cause to enforce both the alimony

provision of the agreement and the trial court's orders from 1976

and 1977. Wife alleged, among other things, that husband had

violated the agreement and the trial court's orders by

underpaying her in 1988, 1989, 1990, 1991 and 1994. She argued

that husband committed a breach when he excluded his market share

income from the calculation of his alimony obligation. After a

hearing, the trial court concluded that husband had not violated

the alimony provision of the agreement. It first concluded that

the federal court's holding that husband's market share income in

1982 was earned by him "as an employee" had no preclusive effect

on this case. It then reasoned that: the [market share income] earned by [husband] at Wheat is not income earned from his employment. Therefore, [husband's] failure to include the Wheat [market share income] for the purpose of determining alimony in 1988, 1989, 1990, 1991, and 1994 does not violate the [alimony provision of the agreement]. 2

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