Third Point Vet's Wife Freed From Jail After Agreeing To Return Money

Jul 25 2013 | 9:55am ET

It took more than a week in jail and an agreement to return some stolen money, but former Third Point analyst Jeffrey Perry's soon-to-be-ex-wife now says she understands that when a court speaks, she has to listen.

Elizabeth Bingham-Perry is set to be released from the Westchester County, N.Y., jail, after striking a deal with her husband—and the court. Bingham-Perry was arrested on July 15 after she allegedly stole millions of dollars from Perry, and after a series of run-ins with the judge overseeing her divorce. That judge, Alan Scheinkman, had ordered Bingham-Perry to serve 31 days in prison for her "malevolence," but agreed to suspend the rest of the sentence if Bingham-Perry behaves.

"She has had a change of heart," her lawyer, Paul Kerson, said. "She's come to the conclusion that she must follow all of the court's orders."

Bingham-Perry had earned Scheinkman's ire not only for stealing the money, but also for routinely lying to him, changing her lawyer and failing to show up for court. She also filed a racketeering lawsuit against Perry last year, in which she echoed allegations made by Canadian insurer Fairfax Holdings that Third Point conspired to drive down its stock price. Fairfax's lawsuit against Third Point was dismissed.

Despite her actions, Bingham-Perry's deals allow her to keep $7 million—not including some $3 million that remains unaccounted for.

In Depth

Related-Company Fees: Normal Industry Practice or Conflicted Compensation?

Nov 11 2015 | 4:23pm ET

Regulatory agencies as well as investors are increasingly exploring whether certain...


Ferrari Roars in Wall Street Debut

Oct 21 2015 | 4:28pm ET

Shares of supercar maker Ferrari jumped as much as 15 percent to a high of nearly...

Guest Contributor

Private Debt - What is the Opportunity?

Nov 11 2015 | 3:28pm ET

In this contributed article, Rob Allard, founding partner of Firebreak Capital...


Editor's Note

    Oct 21 2015 | 10:41am ET

    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…