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.
Patricia Cohen’s July 2010 amended complaint was dismissed
in 2011 for being filed after legal deadlines. A federal appeals court in
Manhattan today ruled her lawsuit was filed in a timely manner, and that she
validly stated claims her husband violated the Racketeer Influenced and Corrupt
Organizations Act, as well as common law fraud and breach of fiduciary duty. A
fourth claim was found to have been properly dismissed….
Read more: http://www.sfgate.com/business/bloomberg/article/Cohen-s-Ex-Wife-Has-Racketeering-Suit-Against-4406504.php#ixzz2PTIj9ahK
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