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

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Trump Administration: What It Could Mean for Carried Interest

Jan 19 2017 | 5:25pm ET

The arrival of the Trump administration brings the potential for a repeal of the...

 

From the current issue of

Looking for a way to keep warm during the cold weather or rather alleviate your cold while under the weather?