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

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...