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NEW YORK (Reuters Life!) - A judge dismissed a lawsuit on Wednesday by American model Carol Alt seeking a cut of the profits from a business venture with her ex-husband, former hockey player Ron Greschner.
Alt, 47, who has appeared on hundreds of magazine covers including Sports Illustrated, sued Greschner for $1 million. Greschner is a former captain of the New York Rangers professional ice hockey team.
But U.S. District Judge Colleen McMahon said that while Alt was entitled to about $160,000, she could not collect the money because the lawsuit was filed about two years after the statute of limitations had expired.
The model, who will pose in the November issue of Playboy magazine, was ordered to pay Greschner's legal fees. The couple divorced in 2001 after being married for 18 years.
"Had Ms. Alt brought her lawsuit on time, she would have been entitled to that amount," McMahon said during a lengthy oral ruling at Manhattan federal court.
According to the couple's 1997 separation agreement, Alt was entitled to a portion of profits made from selling shares in a water filtration business. Greschner sold the shares in 1999, but maintained that Alt was not entitled to any of the profits.
During a day of testimony on Tuesday, Alt said that she had trusted Greschner to inform her if she was entitled to any money. But McMahon said Alt should have consulted an independent professional.
"When one is entering into a separation agreement ... one should not try to be a nice person," said McMahon. "Ms. Alt should have been looking out for her own interests."
Greschner, 53, who is remarried and lives in West Palm Beach, Florida declined to speak to reporters after the ruling.
Alt, who recently survived a bout with cancer, told reporters that said she was free of regret. "This was not an anger thing," she said.
Reporting by Edith Honan, editing by Patricia Reaney