Tuesday, 21 October 2014
Last updated 19 min 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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...