From Indiatimes · TOI World Desk · · 1m 40s
Louisiana Man's Raising Cane's Stake Divided in Divorce
Louisiana court rejects ex-wife's claim to husband's Raising Cane's stake after 2007 divorce settlement.
In brief
Louisiana court rejects ex-wife's claim to husband's Raising Cane's stake after 2007 divorce settlement. A 2026 appeals court upheld a 2007 divorce settlement that excluded Raising Cane's-related business interests from division, denying the ex-wife's claim to a share of her ex-husband's stake. Originally reported by…
Early Business Stake
A Louisiana man acquired 10,000 preferred shares in Lloyd Bartlett, Inc. before marrying in 2001.
Marriage and Restructuring
The couple married on October 20, 2001, followed by a business restructuring in November 2001.
Business Restructuring Details
New LB, Inc. was established in November 2001, merging Lloyd Bartlett, Inc. and creating three Raising Cane's LLCs.
Post-Restructuring Ownership
John received a 2% stake in the corporation and 1% interest in each of three Raising Cane's LLCs.
2007 Divorce Settlement
The couple finalized a consent judgment on October 24, 2007, dividing community property without naming business interests.
Ex-Wife's Claim
Anne filed a motion in May 2025 seeking partition of property including Raising Cane's interests.
Court's Interpretation
The court found the 2007 settlement already allocated property titled in each spouse's name, including business interests.
Email Exchange
John's July 2007 email to his lawyer indicated minimal involvement for Anne in business matters.
Appeals Court Ruling
The Louisiana Court of Appeal rejected Anne's attempt to reopen property division in 2026.
Res Judicata Application
The court upheld res judicata law, stating the 2007 settlement resolved all business interest claims.
No New Valuation
The court did not determine the financial value or classification of John's business interests.
Final Decision
The November 6, 2026 ruling confirmed Anne cannot claim Raising Cane's stake through property division.
At a glance
A 2026 appeals court upheld a 2007 divorce settlement that excluded Raising Cane's-related business interests from division, denying the ex-wife's claim to a share of her ex-husband's stake.
