The ex-wife of SAC Capital Advisors LP founder Steven A. Cohen won reinstatement of most of a lawsuit in which she seeks $8.25 million in damages based on claims the hedge fund is “the product of an ongoing racketeering scheme” that engaged in insider trading.
Steven Cohen, the billionaire founder of SAC Capital Advisors LP, hid $5.5 million from his ex-wife during their 1990 divorce, her lawyer argued before a federal appeals panel in a bid to reinstate her lawsuit.
Gaytri D. Kachroo , the attorney for Patricia Cohen in her lawsuit against SAC Capital Advisors LP founder Steven A. Cohen , asked a judge for permission to withdraw from the case because her client can’t pay her.
Patricia Cohen, the ex-wife of SAC Capital Advisors LP founder Steven Cohen, said the indictment and enforcement action by the U.S. against the hedge fund are proof she’s a victim of his fraud and a reason why her suit against him shouldn’t be dismissed.
SAC Capital Advisors LP founder Steven A. Cohen, whose ex-wife accuses him in a lawsuit of cheating her out of money in their 1990s divorce, will ask a judge to dismiss the suit, his lawyer said in court today.