sued her ex-husband in 2009, claiming he ran Stamford
, Connecticut-based SAC Capital as a racketeering enterprise. She said the hedge fund engaged in acts such as insider trading
, bank fraud and money laundering
in violation of the Racketeer Influenced and Corrupt Organizations Act.
U.S. District Judge William H. Pauley today dismissed the RICO claim. He allowed other fraud allegations against Steven Cohen and his brother Donald to move toward trial.
“This is a case to restore faith in the old-fashioned idea that divorce is something that lasts forever,” Pauley said. “Indeed, factoring in Patricia’s 1991 motion, the Cohens’ legal battles have covered a span over twice the length of their marriage. But though treble damages are a tempting way to spice things up, civil RICO and marriage do not go together like a horse and carriage.”
Something like this can't fail to warm the heart, and restore faith in mankind if yours is getting strained.
SACâ€™s Cohen Wins Partial Dismissal of Ex-Wifeâ€™s Claims - Bloomberg