Judge OKs Third Amendment To Cohen Ex's Lawsuit

Sep 24 2013 | 9:38am ET

SAC Capital Advisors founder Steven Cohen's ex-wife will get one more—and only one more—chance to get her racketeering lawsuit against him right.

U.S. District Judge William Pauley granted Patricia Cohen's motion to file an amended complaint against her husband, this time to add an allegation against his brother and to change a paragraph dealing with jurisdiction. After that, it goes forward, Pauley said, for better of worse.

"The world is going to end someday and my job is to make sure this case ends before that day comes," Pauley said. "No further amendments will be permitted in this court."

Patricia Cohen filed the explosive lawsuit, accusing SAC of insider-trading, fraud and money laundering, in 2009. It has been dismissed and reinstated and amended twice; Cohen is on her fourth lawyer and the case its second judge: The original judge, Richard Holwell, who dismissed the claim, resigned from the bench last year.

In the lawsuit, Cohen accuses her ex-husband of hiding a $5.5 million real-estate settlement during their 1991 divorce. She is seeking $8.5 million in damages, a far cry from her original demand: a controlling stake in SAC.

The case will be back in court on Nov. 21, when lawyers for Steven Cohen and SAC will seek to have the case dismissed—again.


In Depth

Q&A: Executive Recruiter Talks Hedge Fund Closures, Hiring Trends

Dec 19 2014 | 6:58am ET

This year, hedge funds have been closing at a rate not seen since the financial...

Lifestyle

Cooper-Hohn Won't Contest Divorce Settlement

Dec 18 2014 | 9:51am ET

The ex-wife of hedge fund billionaire Christopher Hohn will not contest a divorce...

Guest Contributor

Alternative Investment Funds Face A Communications Imperative

Dec 19 2014 | 6:10am ET

A handful of the top alternative investment firms on both sides of the Atlantic...

 

Sponsored Content

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

December 2014 Cover

Futures 2014 person of the year

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.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.