Cohen To Seek Early End To Ex-Wife’s Lawsuit

May 3 2010 | 12:50pm ET

Hedge fund honcho Steven Cohen is poised to ask a judge to junk his ex-wife’s racketeering lawsuit against him, in which she seeks a big chunk of his SAC Capital Advisors.

Cohen’s lawyer, Martin Klotz, will file a motion to dismiss Patricia Cohen’s lawsuit, which stems from their divorce in 1990, on Friday, he wrote to U.S. District Judge Richard Holwell. Patricia Cohen accuses her ex-husband of hiding millions in assets from her and the authorities during their divorce, and has also accused him of insider-trading while they were married. Her suit seeks a “substantial, if not controlling, interest in SAC Capital.”

But Klotz told Holwell that Patricia Cohen’s accusations don’t constitute racketeering, and that the statute of limitations on the divorce case has long since lapsed.

“Plaintiff’s divorce, and the conduct about which she complains, are now ancient history,” he wrote.

Patricia Cohen’s lawyer, Gaytri Kachroo, has 45 days to respond to the dismissal motion.


In Depth

FINtech Focus: Fundbase Aims To Revolutionize Access To Hedge Funds

Jan 23 2015 | 11:03am ET

Global investment in financial technology—also known as fintech—is booming....

Lifestyle

Is Steven Cohen Going to Buy the Brooklyn Nets?

Jan 19 2015 | 6:49am ET

Rumors that Steve Cohen was interested in the Brooklyn Nets emerged after Scott...

Guest Contributor

Investors Benefit From Evolution Of Fund Of Hedge Funds Model

Jan 22 2015 | 12:27pm ET

The evolution of the fund of hedge funds model over the last few years represents...

 

Editor's Note