Tuesday, 30 September 2014
Last updated 3 hours ago
Sep 7 2010 | 10:01am ET
Patricia Cohen, the ex-wife of SAC Capital Advisors founder Steven Cohen, is in the midst of her second bad break-up with a lawyer.
Cohen last week sued one of her former lawyers, Gaytri Kachroo, alleging “breach of contract, breach of fiduciary obligations” and “abandonment.” Kachroo, who handled Cohen’s racketeering lawsuit against her ex-husband after Cohen fired her first lawyer, quit in June, alleging that Cohen “has been unable to meet her financial obligations.”
It was the second time Cohen was accused of not paying her legal bills. Paul Batista, the lawyer Kachroo replaced, sued Cohen and Kachroo in April, alleging that Cohen failed to pay her bills and that Cohen and Kachroo lied about his being “’discharged’ or ‘terminated’ for ‘cause.’”
Cohen filed a summons seeking Kachroo’s appearance for the “abandonment” action. She asked the New York state court to award her a $60,000 default judgment—plus interest.
Kachroo told the New York Post that her former client’s “claims have no merit,” echoing Steven Cohen’s response to the lawsuit Kachroo filed against him on her behalf. Cohen’s first lawsuits accused her ex-husband of racketeering, insider-trading and perjury, and asked for at least $100 million and “a substantial, if not controlling,” stake in SAC.
Cohen’s third team of lawyers in July filed another amended lawsuit, this time seeking just $8.25 million.
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…
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