Steve cohen sac capital wife
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Billionaire Steve Cohen Wants 57 Of His Ex-Wife's Emails From 2006
The drama never ends in the Steven and Patricia Cohen divorce saga.
Steve Cohen, one of the richest hedge fund managers and the founder of Point72, (formerly SAC Capital) is trying to get a hold of 57 of his ex-wife's emails from 2006 and 2007, according to Bloomberg's Patricia Hurtado.
The billionaire says the email exchanges will "help him defend a fraud suit she filed against him," according to the report.
The emails in question were exchanged between Patricia Cohen and attorney Michael Bowe in 2006 and 2007.
Bowe previously sued Steve Cohen twice when he was representing both Biovail Corp. and Fairfax Financial Holdings Ltd., also back in 2006. In the suits, Steve Cohen and SAC Capital were accused of insider trading.
Although the suits were eventually dismissed, SAC Capital ended its investment advisory business after pleading guilty to insider trading last year. It lat
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The Taming of the Trading Monster
“Even billionaires have feelings,” Alexandra Cohen had taken to saying. Her husband, Steve Cohen, is the billionaire in question. He’s one of the most successful hedge-fund managers in history—“the Michael Jordan of trading,” in the words of one Wall Street observer. He’d built SAC Capital Advisors into one of the most profitable hedge medel in the world while amassing a net worth estimated at $11 billion. Cohen was never known for his attention to feelings. He had a reputation for brusque, money-talks-bullshit-walks office interactions. He was the opposite of a sentimentalist—if one of his traders missed his numbers, he was gone.
But that was before U.S. Attorney Preet Bharara, suspecting him and his firm of insider trading, began pursuing Cohen as if he were a crime chef. Federal agents bugged his home phone and raided the offices of former employees who’d started their own hedge funds. They subpoenaed millions of pages of SAC documents whi
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SAC founder Steven Cohen's ex-wife gets another chance at fraud lawsuit
An appeals court has revived a lawsuit by the former wife of SAC Capital Advisors hedge fund founder Steven A. Cohen, who accused the billionaire of hiding $5.5 million from her during their divorce proceedings.
The 2nd U.S. Circuit Court of Appeals in New York said a lower court erred in dismissing fraud-based claims by Patricia Cohen, who had sued her ex-husband in 2009.
The appeals court also revived claims of racketeering and breach of fiduciary duty, while upholding the dismissal of an unjust enrichment claim.
"I'm delighted," Howard Foster, a lawyer for Patricia Cohen, said on Wednesday. "It looks like the court agreed with us on all the major issues."
SAC tried to downplay the decision.
"This is a procedural ruling and not a ruling on the merits," spokesman Jonathan Gasthalter said. "As we have said from the outset, these decades-old allegations by Mr. Cohen's former spouse were patently