Patricia Cohen, the ex-wife of hedge fund billionaire Stevie Cohen, is changing her legal arsenal in her civil racketeering lawsuit against the SAC Capital founder.
NYT:
Gaytri Kachroo has taken over the case from Paul Batista, a New York lawyer. In various federal inquiries and hearings, Ms. Kachroo represented Harry Markopolos, the whistle-blower who spent a decade trying to warn authorities, including the Securities and Exchange Commission, that Bernard L. Madoff was running an extensive Ponzi scheme.
Ms. Cohen approached Ms. Kachroo soon after her case was filed in mid-December in United States District Court for the Southern District of New York. “She felt her case wasn’t getting the attention it required,” said Ms. Kachroo, who is not a litigator but is a corporate lawyer with her own practice.
Her old lawyer Paul Batista, who happens to be an expert on this type of civil RICO case, is disappointed at the move, telling the NYT: “I wish her well. I’m surprised as I felt I gave her all the attention her case deserved.”
In her claim against Steven Cohen -- which she hopes will result in a $300 million windfall -- Patricia Cohen has hit on hot-button issues like the use of insider trading at SAC, a practice of which she claims to have direct knowledge.
Read the whole story at the NYT -- >
Amd for more on Kachroo, read this profile of her in the Harvard Law Bulletin -- >
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See Also:
- Reuters Denies Spiking Stevie Cohen Insider Trading Story Due To Pressure
- Why Steve Cohen's Ex-Wife Can Sue 20 Years Later...And Why Her Lawsuit Will Be An Uphill Battle
- Ex-Wife: Stevie Cohen Confessed To Insider Trading In The 80s
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