Kimberly Sue Speranza v. Scott Michael Speranza

CourtCourt of Appeals of Tennessee
DecidedJuly 14, 2025
DocketM2024-00347-COA-R3-CV
StatusPublished

This text of Kimberly Sue Speranza v. Scott Michael Speranza (Kimberly Sue Speranza v. Scott Michael Speranza) is published on Counsel Stack Legal Research, covering Court of Appeals of Tennessee primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Kimberly Sue Speranza v. Scott Michael Speranza, (Tenn. Ct. App. 2025).

Opinion

07/14/2025 IN THE COURT OF APPEALS OF TENNESSEE AT NASHVILLE March 18, 2025 Session

KIMBERLY SUE SPERANZA v. SCOTT MICHAEL SPERANZA

Appeal from the Chancery Court for Williamson County No. 21CV-50618 Michael Binkley, Judge ___________________________________

No. M2024-00347-COA-R3-CV ___________________________________

In this divorce case, Appellant/Wife appeals the trial court’s denial of her Tennessee Rule of Civil Procedure 59.04 motion to alter or amend the final decree of divorce. Although Wife and Appellee/Husband tendered proposed final decrees and orally announced their consent to be divorced and to divide the marital estate, they did not file a written property- settlement agreement. In her Rule 59.04 motion, Wife asserts, inter alia, that the parties did not come to an agreement concerning the division of two marital assets, i.e. stock in Husband’s company, and funds held by the trial court Clerk. In the absence of such agreement, Wife contends that the trial court erred in entering its final decree and in the division of the disputed assets. Discerning no error, we affirm.

Tenn. R. App. P. 3 Appeal as of Right; Judgment of the Chancery Court Affirmed and Remanded

KENNY ARMSTRONG, J., delivered the opinion of the court, in which J. STEVEN STAFFORD, P.J., W.S., and CARMA DENNIS MCGEE, J., joined.

Adrian H. Altshuler and Caroline Beth Altshuler, Franklin, Tennessee, for the appellant, Kimberly Sue Speranza.

Helen Sfikas Rogers and Laura Schumacher Blum, Nashville, Tennessee, for the appellee, Scott Michael Speranza.

OPINION

I. Background

The parties were married for 21 years and have two children (who reached majority during this litigation). During the marriage, Wife/Appellant (age 58) was primarily a homemaker. At the time of the divorce, Husband/Appellee (age 57) was the majority owner of InsuranceAssist, Inc., a company which he founded during the marriage.

Wife filed a complaint for divorce on July 19, 2021. Husband filed an answer and counter-complaint. The subsequent proceedings were prolific and contentious. As relevant here, trial was set for April 17 through 21, 2023. On the third day of trial, April 19, 2023, the parties announced the terms of their settlement to the court, see infra. The parties were declared divorced and were instructed to prepare the final decree containing the particulars of their settlement for entry by the trial court. To that end, Husband submitted a proposed decree to Wife, but she refused to sign it.

On May 5, 2023, Husband filed a motion to enter a final decree, wherein he stated his understanding of the disputed issues as follows: b. Shareholder Agreement: Wife is requesting that the Shareholder Agreement of InsuranceAssist, Inc. be provided to her by May 3, 2023. Obviously, this date has passed. However, Husband is agreeable to providing Wife with a copy of the current Shareholder Agreement upon entry of the Final Decree of Divorce, which she is required to sign under the terms of the Final Decree of Divorce.

***

d. Funds in Clerk’s Office: The announcement of the parties’ agreement to the Court was that “Ms. Speranza is receiving all the cash that’s in the Clerk’s office.” It was further announced “That consists of $1,959,017[…] The other piece in the clerk’s office is $1,409,927.” (These figures would total $3,368,944.) It is now known that those figures were in error, as they did not take into account $130,000 which had been paid from the funds in the Clerk’s office by Court Order to Wife’s attorneys, and $10,000 which had been paid to the parties’ joint expert, Chris Lovin. […] Wife is now requesting that Husband pay her one-half of this sum, which Husband will not agree to do. […]

Attached as Exhibit C to Husband’s motion was his proposed final decree.

On May 18, 2023, Wife filed a response to Husband’s motion and a counter-motion, asking the trial court to enter her proposed final decree. In her motion, Wife identified the following points of disagreement:

(1) Ms. Speranza requests that […] Mr. Speranza provide her with a copy of the current Shareholder Agreement and that protective language be included in the Final Decree against dilution of shares, audited financial reporting of the company’s health annually. She would also request that the Shareholder Agreement have the standard minority shareholder agreement language with -2- information rights and that any Shareholder Agreement to be signed by Ms. Speranza contain commercially reasonable protections for the Trust as a minority shareholder, including without limitation, language requiring the approval by the InsuranceAssist, Inc. shareholders other than Husband and including Trust of transaction(s) between InsuranceAssist, Inc. and Husband or his affiliates.

(3) Ms. Speranza requests that the $100,000 to John Hollins, Jr., the $10,000 to Chris Lovin […] and the $30,000 to Ms. Story be divided equally between the parties as explained below […] [with regard to the funds on deposit in the Clerk’s office.]

On June 1, 2023, the trial court heard the parties’ cross-motions and entered a written order outlining its rulings from the June 1st hearing. In relevant part, the order provides:

2. InsuranceAssist, Inc. Shareholder Agreement and business language — Wife requested that Husband effectuate certain transfers within thirty (30) days of the entry of the Final Decree of Divorce, and Husband agreed to this revision in the Final Decree. However, Husband did not agree to the inclusion of the additional language proposed by Wife on pages 9 and 10 of her proposed Final Decree of Divorce[, see infra]. The Court found that this proposed language from Wife was not part of the agreement of the parties and shall not be included in the Final Decree of Divorce. Also, Husband provided Wife with the amended InsuranceAssist, Inc. Shareholder Agreement through counsel at the hearing.

4. Funds held by the Clerk and Master — Wife was awarded all funds held by the Clerk and Master from the sale of the real properties located at 0 Kinnard Springs Road in the amount of $1,409,927.95 and 3301 Running Springs Court in the amount of $1,959,017.64 pursuant to the announcement of counsel at the hearing on April 19, 2023. Included in those sums was $140,000 already disbursed to Wife’s counsel for her attorney’s fees and expert fees in this case, which had not yet cleared her attorney’s accounts. Wife argued that she should be reimbursed by Husband for one-half of $140,000. The Court found that the $140,000 had already been awarded to Wife in the form of attorney’s fees paid to her counsel and that she was not entitled to any reimbursement for same.

*** -3- ORDERED, ADJUDGED and DECREED that the Final Decree of Divorce to be submitted by the parties shall include that the Husband shall make a corporate resolution to convert 500,012 of Husband’s common shares of InsuranceAssist, Inc. into non-voting shares to be transferred to Wife within thirty (30) days of the entry of the Final Decree of Divorce, and that Wife shall have 30 days from the entry of the Final Decree of Divorce to transfer the shares awarded to her into the family trust created by her pursuant to the Final Decree of Divorce; and, it is further,

ORDERED, ADJUDGED and DECREED that Wife shall be awarded the funds being held by the Clerk and Master from the sale of the real properties located at 0 Kinnard Springs Road and 3301 Running Springs Court, but shall not be awarded any reimbursement for the $140,000 already paid to her attorneys from same; and, it is further,

ORDERED, ADJUDGED and DECREED that the parties are hereby directed to file an agreed Final Decree of Divorce pursuant to the terms of this Order.

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Bluebook (online)
Kimberly Sue Speranza v. Scott Michael Speranza, Counsel Stack Legal Research, https://law.counselstack.com/opinion/kimberly-sue-speranza-v-scott-michael-speranza-tennctapp-2025.