Tuesday, 31 March 2015
Last updated 3 hours 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.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…