Former SAC Exec. Sues Over Son’s Pool Drowning

Jan 29 2008 | 7:39am ET

The tragic death of a former hedge fund executive’s son has landed in the courts. Brian Cohn, who stepped down from his post a president of SAC Capital Advisors earlier this month, has sued the company who built the pool in which his 6-year-old son drowned in July.

He also filed suit against the manufacturer of the pool’s drainage equipment and the town of Greenwich, Conn.

Cohn alleges that his son, Zachary, drowned when he was caught in a faulty drain suction line. It also accused Greenwich of approving the pool in spite of “multiple obvious code violations,” the Cohn’s attorneys, Silver Golub and Teitell, said yesterday.

According to the release, if the Cohns are successful in the litigation, any awards would go to the non-profit they set up in their son’s memory, the ZAC Foundation for Children’s Safety.

Cohn spent 11 years at SAC, the Stamford, Conn.-based hedge fund giant, and said he’ll be taking a break before pursuing a new employment opportunity.


In Depth

bfinance: Fees Falling Across Asset Classes, Yet Overall Investor Costs Still Climbing

May 16 2017 | 9:53pm ET

Despite unprecedented attention on fees, new research from investment consultancy...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Risk-Based Compliance: Why Oversight Of Outsourcing Is Critical

May 10 2017 | 7:02pm ET

Compliance is notoriously one of the trickiest middle office functions for funds...

 

From the current issue of