As a seasoned divorce attorney with decades of experience under my belt, I can’t help but feel a tinge of sympathy for both parties involved in this high-profile case. Jenna Dewan, a talented actress and dancer, is accusing her ex-husband Channing Tatum of hiding earnings from their joint venture, the Magic Mike franchise. On the other hand, Channing denies these allegations and claims he’s entitled to a separate property interest in the intellectual property due to his post-separation efforts.
Channing Tatum and Jenna Dewan are finally done with their divorce.
Six years following their separation, the stars of “Step Up” have officially ended their marriage following a prolonged dispute, with elements stemming from Channing’s ongoing income from the “Magic Mike” series, as reported by various sources. Consequently, they managed to steer clear of a December trial, as stated by People magazine.
The specifics of their divorce agreement remain private, but Channing and Jenna, the parents of 11-year-old Everly, have relinquished any right to spousal support. They have also chosen to handle any future custody disputes in a private court proceeding with a judge, as reported by the Daily Mail.
TopMob News attempted to get a response from representatives for both Channing and Jenna, yet no reply has been received so far.
Jenna, mother to 4-year-old son Callum and 3-month-old daughter Rhiannon with her fiance Steve Kazee, filed for divorce from Channing in 2018. However, a recent dispute has arisen regarding the movie “Magic Mike,” which Channing starred in back in 2012.
Four months past, Jenna claimed in their divorce process that the intellectual property rights for “Magic Mike” were jointly owned by them, yet he reportedly deposited its profits into an unalterable trust and assigned licensing privileges to a different entity without informing her about it.
Channing contested the statements made, explaining in a document submitted in May (reported by TopMob News) that “I’ve never withheld Petitioner from her rightful portion of any community assets or earnings. I have consistently supported Petitioner having an ownership stake in the ‘Magic Mike’ intellectual property and associated enterprises.
In the course of their marriage, the 44-year-old mentioned that Jenna had the same opportunity as him to consult with our business managers and access our shared financial records. He further stated that she has had unrestricted access to all our financial documents related to our joint activities, not just during the marriage but also after we separated. The 44-year-old alleged that Jenna is using this claim as a tactic to prolong the legal proceedings and escalate the costs associated with litigation.
In August, Channing (who is engaged to Zoë Kravitz) additionally alleged that Jenna employed more delay tactics when she submitted a motion to exclude his lawyers from handling the case three months prior to their scheduled trial. He argued this action was a “clear attempt to shift the court’s focus” away from her intention to “postpone these hearings.
Channing further contended that the actress from Rookie lacked any legal or factual basis for her demand and emphasized she had never been a client at either of his law firms. This means his lawyers wouldn’t have any confidential information about her, which could potentially provide them an edge in court since they wouldn’t be privy to any secret information that might disadvantage the actress.
For more on the pair’s years-long divorce battle, keep reading.
After officially separating in 2019 following eight years of marriage, Channing Tatum and Jenna Dewan continue to grapple with financial issues. Both stars of the movie “Step Up” share a 10-year-old daughter named Everly together.
In April 2024, Dewan submitted paperwork asking her and Tatum to appear for a testimony about every matter concerning their marriage, encompassing business and financial dealings.
In addition, she presented an initial inventory of exhibits asking for both personal and business tax statements as well as financial records related to earnings from the Magic Mike series.
In my professional opinion as a lifestyle expert, I’d like to share an interesting development in the entertainment world. As a co-founder of the Magic Mike franchise (according to the allegations), I find myself embroiled in a legal dispute with my fellow co-founder, Channing Tatum. It is claimed that he moved the earnings into an irrevocable trust and then transferred the licensing rights to a third party, all without keeping me informed – as reported by People magazine, based on court documents.
Tatum disputed her claim in his own filing, obtained by TopMob News.
According to the records, the idea and associated entities for “Magic Mike” were developed during the marriage. After separation, more entities related to this intellectual property came into existence. Since their separation, Channing Tatum has invested a significant amount of work towards improving the “Magic Mike” brand and relevant businesses, which he claims justifies his individual ownership stake in these assets.
According to his lawyer’s submission, the court should determine the share of the intellectual property and associated businesses that belongs to the community, as well as what portion is separately owned by Tatum, taking into account his contributions made after the separation.
Dewan included in her preliminary witness list several people who worked on the Magic Mike trilogy with Tatum, including director Steven Soderbergh and producers Nick Wechsler and Peter Kiernan.
In his own preliminary witness list, filed in court one day after Dewan submitted her documents and also obtained by TopMob News, Tatum included his ex-wife’s fiancé Steve Kazee.
Following accusations by Dewan that her ex-husband was concealing part of his earnings, Tatum—who is engaged to Zoë Kravitz—submitted new papers on May 2nd, stating that the allegations are unfounded. In response, he declared, “I have never withheld Petitioner from her share of any community assets or income. I have consistently supported her having an interest in the ‘Magic Mike’ intellectual property and related entities.
As a lifestyle expert, I’d rephrase that as: “The design of this legal process is intended to slow down the progression of the case and escalate litigation costs, rather than encouraging an early settlement. This is particularly relevant when, after five separate mediation attempts, the Petitioner has blatantly disregarded a proposed judgment for extended periods.
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2024-09-26 02:20