Cohen’s Ex Sues Ex-Lawyer

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.


In Depth

Fundraising for Mid-Sized PE Funds: Should You Use a Registered B/D?

Dec 6 2016 | 7:18pm ET

When does a fund sponsor need to use a registered broker/dealer when raising capital...

Lifestyle

Trump Attends 'Villains and Heroes' Costume Party Dressed As...Himself

Dec 5 2016 | 11:16pm ET

U.S. President-elect Donald Trump attended a "Villains and Heroes" costume party...

Guest Contributor

A Hard Look At Your ‘Soft’ Hedge Fund Marketing Information

Dec 8 2016 | 9:03pm ET

Conventional wisdom holds that due diligence examines quantitative as well as qualitative...

 

From the current issue of

Since the inception of Modern Trader, a core editorial theme has centered on the wisdom and power of crowds. Editorial emphasis has focused on companies and projects engaged in the collection and analysis of information. 

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR