A Louisiana man acquired an early stake linked to Raising Cane’s before marrying in 2001

A Louisiana man acquired an early stake linked to Raising Cane's before marrying in 2001

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Anne filed for divorce on November 9, 2006. The divorce was finalised through a judgment signed on September 4, 2007. The former couple subsequently entered into a consent judgment on October 24, 2007, addressing the division of their community property.

The agreement recognised Anne’s ownership of the former family home and provided that each spouse would retain sole ownership of property in their possession or titled in their respective names. It also covered property attributable to their work or employment.

On November 6, 2026, the Louisiana Court of Appeal, Fourth Circuit, rejected her attempt to reopen the division of their property. John Blackshear McQueen, available on Justia , upheld a lower court decision finding that the couple’s 2007 consent judgment had already allocated property titled in each spouse’s name, including the disputed business interests. John McQueen acquired 10,000 preferred shares in Lloyd Bartlett, Inc. before marrying Anne McQueen on October 20, 2001, according to the court’s opinion. In November 2001, New LB, Inc. was established as part of a restructuring involving the Raising Cane’s-related entities. Under the restructuring arrangement, John’s original 10,000 preferred shares were exchanged for shares in the surviving corporation and membership interests in three limited liability companies: Raising Cane’s Restaurants, LLC, Raising Cane’s USA, LLC and Raising Cane’s Franchising, LLC. The court’s opinion described the interests received in the exchange as a 2% stake in the corporation and a 1% interest in each of the three LLCs. A later affidavit submitted by John reported a 0.495% interest in each LLC. 13:4232(B), which addresses the application of res judicata in divorce and community-property proceedings.

Because the corporate shares and LLC membership interests were titled in John’s name, they fell within the agreement’s provision awarding each spouse property held in their respective names. A business investment made before marriage can become the subject of a legal dispute years after a couple separates, particularly when the ownership structure changes during the marriage. In Louisiana, an early investment connected to the popular restaurant chain Raising Cane’s became the focus of a dispute between a divorced couple over whether the former wife could claim a share of her ex-husband’s business interests. The ruling in Anne Treme McQueen v. The corporation was connected to Todd Graves’ restaurant business, which developed into Raising Cane’s. The business structure changed shortly after the marriage. The dispute required the Fourth Circuit to examine Louisiana’s res judicata law, including La. R.S. The court agreed that the provision was relevant but concluded that the wording of the consent judgment had already allocated the disputed interests.

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