CONNECTICUT: Credit Suisse CEO Brady Dougan owes ex-wife $1 mil late fee on alimony

As a bite into chunks of pineapple, and reminisce about my evening with friends at the foot of the East River between the Brooklyn Bridge and the Manhattan Bridge overlooking Manhattan (evening picnic) I am also scanning the Internet for divorce stories and I found this one about Credit Suisse CEO Brady Dougan which I thought you might find intriguing.
Mr. Dougan and his wife Tomoko Hamada Dougan married in Japan in 1988 and had 2 children. In 2005 when they divorced, he stipulated to pay her in two installments of about $7 million (and change) each. There was  a provision in the contract that basically said he would pay a 10% late fee.
Turns out, he was about 12 days late on the second installment and according to the Associated Press report I read, he gave her $25K for those days in interest.
But she sued anyway claiming that her interest was not the 12 days, but that it went all the way back to when the agreement was signed in 2005. The Appellate Court in Connecticut sided with the wife and ordered the Credit Suisse CEO to pay her nearly $1 million in late fees not for the 12 days he was actually late, but from the date he signed the agreement, to the day he paid the second installment, which turned out to be about a year.
I don’t know if I think that is fair. I mean, I am usually on the wife’s side but on this one, I don’t know. In a way, I think I get the reasoning. I mean, his agreement was to pay her about $14 million in total. Technically, he should have paid it all at once as soon as the judgment was signed. Instead, they agreed to break it into two payments and there were specific dates by which he was to pay and he didn’t. So technically, he breached on the $14 million total payable amount, and not just on the $7 million installment amount. Technically….
But on the other hand, each installment could be viewed as a separate contract and not just part of the $14 million whole. In which case, the second installment was only 12 days late and that is the interest he should have been ordered to pay. After all, he wasn’t late on the whole thing. Only on part of it.
Yea, I think I disagree with the Connecticut court on this one. I don’t think justice was done here.
But maybe it’s me. Maybe I’m missing something.
P.S. please tell that prankster to stop contacting Mr. Dougan pretending to be a bill collector “collecting a debt.” Mr. Dougan is not scared cause he’s paid all his debts at this time. Including his alimony and student loans. Thank you.