Skip to main content

If This Were A Children's Hockey Game, Dick Fuld Would Settle His Dispute With His Ex Son-In-Law Like An Adult (By Beating the Crap Out of Him) But Since It's Not He'll Have To Settle For The Next Best Thing (Suing The Guy For $12.9 Million)

  • Author:
  • Updated:

If you had to pick a current or former Wall Street CEO to be your father-in-law, it stands to reason that Dick Fuld would have to be close to the bottom of your list, yes? Lloyd, obviously, would be a delight. Vikram would probably be fun, too. Something about Jamie just seems very pal-y, father-in-law-ish, once you get past him letting you know he'll take you out in the middle of the night, no questions asked, no finger prints left behind if you ever do anything to hurt his child. Brian Moynihan would finally loosen up and stop being awkward around you circa your 20th anniversary. Hank would probably be slightly scary but in a good way. Someone who gets into "physical altercation[s]" with fans of the opposing team at a children's hockey game is probably not a guy you want to sit across from at Thanksgiving or play squash with after he's figured out you can "earn points by hitting your opponent with the ball when he/she is between you and the front wall." And looking down the line, it stands to reason that Dick Fuld would definitely be close to the bottom of your list of candidates for ex-father-in-law, yes? Aaron Packles knows what we're talking about.

Time was, Packles was married to Fuld's daughter, with whom he bought and renovated an apartment on East 79th Street using money lent or gifted by Father Fuld. Back then, Fuld may have liked or at least tolerated Packles' presence but now that the couple has split, the gloves have come off. Dick has decided that he was conned into writing his then son-in-law (and presumably his daughter?) a check and wants his fucking money back, now.

Fuld sued Aaron Packles for “inducing plaintiff to advance significant sums for the purchase and renovation” of an apartment on the ninth floor of 79 East 79th Street by “falsely representing that defendant intended to repay that loan, failing to disclose his true intention to aver falsely that the apartment and renovations were a gift, and his failure to repay those funds to date.” Packles and Fuld’s daughter Christine paid $9.75 million in cash for the apartment in 2007, shortly after they were married, the New York Times reported in March 2009. They put the apartment on the market in January 2009 for $12.95 million, and lowered the asking price to $9.8 million six weeks later, the Times said. The 11-room apartment, with four bedrooms and four bathrooms, features a private elevator and a dining room with views of Central Park, according to a listing on the website of Corcoran Group Real Estate. It was sold for $9 million in April 2011 to Joseph and Erica Samuels, according to city property records.

If Packles fails to appear to respond to Fuld’s allegations, the suit seeks a default judgment of $12.9 million, an equitable lien over the proceeds of the apartment sale, which are currently being held in escrow, and an order directing Packles to authorize the disbursement of the escrow, according to the filing. Fuld’s daughter filed for divorce in April 2010 in New York State Supreme Court in Manhattan, and the case is still active, according to online court records. Divorce records aren’t available to the public under New York state law.

To be fair, it's somewhat surprising (and demonstrates a lot of personal growth!) that Fuld choose not to go after what we can only assume he refers to as his "deadbeat ex son-in-law" with a baseball bat, but if you're Packles, this has still gotta hurt.

Ex-Lehman CEO Sues Estranged Son-in-Law Over Apartment Loan [Bloomberg]


Dick Fuld Attends Hockey Game Without Getting Into Physical Altercation

One tale many love to tell about Richard S. Fuld, besides the one involving him destroying an 158 year-old institution, is that of the time he got into a fistfight at his son's hockey game, with a parent from the opposing team. Though there have been many stories over the years of adults who lack impulse control throwing down at their children's sporting events, perhaps people were fascinated by the fact that the the CEO of a public company was unable to reason that punching someone in the face at a Peewee hockey game = bad, keeping your hands to yourself = good.  On that note, one sports fan reports that Fuld has since matured, and realizing his own limitations, now travels with protection (for himself/spectators in his section). "Was at the Rangers/Devils game last night sitting a few rows behind Dick Fuld and his wife. He was with two goons who were clearly his body guards, one sitting next to him in a tan jacket and the other one standing behind him in black. Fuld was wearing a suit...I guess to try and look like he actually has a job he was coming from befoe the game."