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JPMorgan Banker-London Star’s Gay Divorce Sets Precedent

JPMorgan Chase & Co. equity analyst Peter Lawrence won a U.K. appeal cutting to 1.37 million pounds ($2.19 million) a divorce payout to his ex-civil partner, former “Priscilla Queen of the Desert” star Donald Gallagher.

Lawrence must give Gallagher 33 percent of their assets accumulated during the 11-year relationship, rather than the 42 percent share awarded by a lower court, the Court of Appeal ruled yesterday in London.