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SAC’s Cohen Fighting Divorce Claims from 20 Years Ago
“More money, more woes,” conventional wisdom tells us – which is somewhat of a comfort for those who have less money. The old saw at least holds some relevancy for good old Steven A. Cohen who is still fighting a divorce suit after 20 years! Former wife Patricia Cohen has moved on to her fourth lawyer in her revived claims against SAC mogul Cohen. She first sought the modest sum of $300 million, but later reduced it to $10 million, and also withdrew her initial accusations that the SAC was a bunch of racketeering inside traders.

Lingering on a divorce twenty years later seems annoying enough; their kids are all grown up and they’ve both moved on with their lives, but when there is so much money at stake, lawyers can be fed and cajoled to keep the drama alive.

“These decades-old allegations by Mr. Cohen’s former spouse are patently false and entirely without merit,” said Jonathan Gasthalther, an SAC spokesman. “We will continue to defend against them vigorously.”

He is referring to her claim that Cohen hid assets during their divorce two decades ago, minimizing his estate by millions to cheat her out of her divorce settlement.



The latest lawyer to join her team is Joshua L. Dratel, who more often defends terrorists, and also has been advising Katharine Russell, widow of Boston Marathon bomber suspect Tamerlan Tsarnaev. Her previous lawyer removed himself from the case on Monday, though he claimed it was “by mutual agreement.”

The new lawyer, at least, has some experiences with racketeering cases.

05-15-2013

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