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

Q&A: Brevan Howard’s Charlotte Valeur Talks Strategy

Sep 18 2014 | 11:18am ET

Charlotte Valeur chairs the board of Brevan Howard Credit Catalysts, an LSE listed...

Lifestyle

Griffin Donates $1M To Rauner's Illinois Gov. Campaign

Sep 22 2014 | 9:29am ET

Hedge fund billionaire Kenneth Griffin definitely has a dog in this race. The Citadel...

Guest Contributor

Top 5 Predicted Outcomes Of CalPERS' Hedge Fund Divestment

Sep 22 2014 | 8:35am ET

CalPERS’ announcement to divest of hedge funds has created a significant buzz...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    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…

 

Futures Magazine

September 2014 Cover

The London Whale: Rogue risk management

Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.