Saturday, 27 December 2014
Last updated 3 days 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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.