Moral of the story...DON'T SPEND THAT CASH JUST YET!

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In a landmark case, Brian Myerson is arguing that the 90 per cent loss of value in his shares over the last 12 months could not have been predicted.

Describing his fortune as being "hit by the earthquake of the global financial crisis", he is trying to claw back some of the £11 million he was ordered to pay his wife of 27 years, Ingrid.

If the 50-year-old is successful, the case could pave the way for scores of previously successful businessmen to use the credit crisis to appeal divorce settlements.

Mrs Myerson, 48, tanned and wearing a pink jacket and scarf, was in court with her legal team led by Nicholas Mostyn QC, who represented Paul McCartney in his bitter divorce from Heather Mills.

Her South African-born ex-husband decided to stay away as the apparent collapse of his finances was aired in public at the High Court.

The couple got married in December 1982, had a daughter and two sons, but divorced in February last year.

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