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Wednesday, February 20, 2008

Novelist Ordered to Pay $25 Million After Wife’s Murder

Last week, a judge accepted a $25 million settlement in the wrongful death lawsuit against Durham novelist Michael Peterson, nearly a year after he and his step-daughter reached the agreement. The consent judgment is for $25 million in compensatory damages. Hudson also awarded nearly $1,500 in court costs and another $10,500,000 in interest, bringing the total judgment to $35,501,486.80. Additionally, interest continues to accumulate at a rate of $166,666.67 per month.

Peterson, 64, was convicted in October 2003 of first-degree murder in the 2001 death of his wife, Kathleen Atwater Peterson. Emergency workers found her dead at the bottom of a staircase in the couple's Durham home. Peterson's stepdaughter, Caitlin Atwater, filed the lawsuit against him in October 2002 with the intent that he would never be able to profit from the crime.

On Feb. 1, 2007, they reached the settlement in which Atwater agreed to stay her lawsuit until Peterson's criminal appeals were exhausted. The settlement also states that Peterson admits no guilt or liability in the death of his wife.

The North Carolina Supreme Court upheld Peterson's conviction on Nov. 9, exhausting his direct criminal appeals.

If your loved one suffered a wrongful death in Queens, Brooklyn, Long Island or the Bronx, New York, please contact Silberstein Awad & Miklos today to schedule your initial consultation.

posted by Lynn at 7:34 AM

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