Randy Russell, Appellant v. Andrea Russell, Appellee

Summary

The Supreme Court of Arkansas affirmed the equitable distribution of the parties’ marital property and upheld the circuit court’s use of temporary alimony payments to offset Andrea Russell’s interest in Randy Russell’s ownership of NRS. The court also held that the valuation of the NRS shares was not clearly erroneous because conflicting expert testimony and Andrea’s testimony provided a sufficient evidentiary basis for valuing the company apart from Glynn Colquitt’s personal goodwill. Justice Danielson, concurring, agreed with the result but would characterize the payments as a property allocation rather than traditional alimony.