Wednesday, 17 September 2014
Last updated 9 hours ago
Apr 5 2010 | 1:33pm ET
Steven Cohen’s ex-wife says he stiffed her to the tune of millions. Now, her former attorney says Patricia Cohen is little better than the SAC Capital Advisors founder.
Paul Batista has sued Patricia Cohen and her new lawyer, alleging that she has failed to pay for the work he did before being removed from the case in January. Batista filed Patricia Cohen’s complaint against her ex-husband, accusing him of racketeering, before withdrawing the lawsuit—allegedly without Cohen’s authorization—after he was canned.
Patricia Cohen and her new lawyer, Gaytri Kachroo, “have publicly, repeatedly and falsely claimed that plaintiff Batista was ‘discharged’ or ‘terminated’ for ‘case,’” Batista complained in his lawsuit, filed last week in New York state court. Those allegations “are false and are a pretext created by defendants Kachroo and Coehn in an effort to deprive plaintiff of the frees earned and to be earned.”
Batistia is seeking a lien on any judgment Patricia Cohen might win against Steven Cohen, as well as reimbursement for the expenses he incurred during his seven months working on the case.
Kachroo, who has vowed to file an amended complaint against Steven Cohen, dismissed her predecessor’s claims.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.