Richard Stephenson, who made a fortune after he founded the Cancer Treatment Centers of America, will have to wait a little longer to learn how much of it his ex-wife Alicia will get in their divorce.
With at least tens of millions of dollars at stake and after a lengthy and contentious court battle, a judge in McHenry County was scheduled to rule in the case Wednesday. But Judge James Cowlin indicated he needed more time to go through the voluminous arguments and set another hearing for next month.
Unable to reach a settlement privately despite eight years passing since Alicia Stephenson filed for divorce, the exes went to trial last year, and the proceedings have been marked by discord, drama and near-constant bickering between Richard Stephenson’s team of lawyers and his ex-wife’s single attorney.
It was apparent throughout the trial that the sides were far apart. Alicia Stephenson has argued that she should get $400,000 per month in maintenance, or nearly $5 million per year, plus millions more for what she says is her rightful share of other holdings. She also has requested a luxury Chicago condo, a home in a gated community in Florida and summer rental in Michigan, as well as a Porsche and other assets.
Richard Stephenson’s camp asserts that Alicia should receive substantially less and has said she did little to contribute to the vast wealth that Richard Stephenson acquired during the marriage but was merely “along for the ride.” They point to a prenuptial agreement that provides her with $250,000 toward housing. But the agreement stated that monthly maintenance would be negotiable if the marriage lasted a certain number of years.
Richard Stephenson’s lawyers strongly objected to a claim by Alicia Stephenson’s attorney that his camp had sought to settle for $35 million but then rescinded the offer.
In court Wednesday, Alicia Stephenson’s attorney, Elizabeth Wakeman, asked Cowlin to allow her to…