Tuesday, 31 May 2016
Last updated 3 days ago
Feb 2 2009 | 1:54am ET
The family flap over the novel Hedge Fund Wives has come to an end.
Natasha Boncompagni has settled a lawsuit filed against her by her sister and author Tatiana Hoover, admitting that she did not co-write the book, about four wealthy Wall Street wives. Hoover filed suit against her sister last year, alleging that Boncompagni secretly copied parts of the novel by hacking into her laptop on a family vacation to Milkwaukee and copywriting them to claim co-authorship. Hoover acknowledged that her sister, a former employee of hedge fund Fairfield Greenwich Group, provided input, but said she never sought credit as a co-author until after the novel was completed.
As part of an out-of-court settlement, Hoover has agreed to cut her sister a portion of the profits, but only if the novel—whose release date has been moved to May in an effort to capitalize on the current interest in hedge funds—sells more than 20,000 copies by October 2010, the New York Daily News reports.
“The defendant has announced to the court that she is not a co-author of Hedge Fund Wives and has no authorship or co-authorship rights to the work,” U.S. District Judge Laura Taylor Swain wrote.
For her part, Boncompagni told the News that she only agreed to the settlement because her sister’s father-in-law, Fred Kolber, is a principal at her old firm, Fairfield Greenwich, which lost more than half of its assets in the Bernard Madoff scandal.