It could be almost anybody but Bloomberg reports that 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 seeking to reverse the dismissal of her lawsuit.
Howard Foster, a Chicago-based lawyer for Patricia Cohen, said Steven Cohen didn’t include the money, which Foster said he received as part of a settlement over a real-estate dispute, on his 1989 financial statement. Martin Klotz, a lawyer for Steven Cohen, denied his client hid money.
“The financial statement was wrong and deceptive,” Foster today told the panel of the U.S. Court of Appeals in Manhattan.
In March, U.S. District Richard Holwell in New York dismissed Patricia Cohen’s suit, ruling she took too long to bring the case, which was filed in 2009. The judge said Cohen made similar claims in a 1991 lawsuit in which she accused her ex-husband of hiding assets and misrepresenting the value of his investments. Foster said today that his client didn’t know about the alleged deception until 2008…
Read all about it at http://www.bloomberg.com/news/2012-02-22/sac-s-cohen-hid-5-5-million-from-ex-wife-lawyer-says-in-lawsuit-appeal.html
No comments:
Post a Comment