SAC's Cohen wins partial dismissal of ex-wife's fraud lawsuit

[riky]

SAC's Cohen wins partial dismissal of ex-wife's fraud lawsuit

<p><a href="http://news.yahoo.com/sac-39-cohen-wins-partial-dismissal-ex-wife-185452941--sector.html"><img src="http://l1.yimg.com/bt/api/res/1.2/gYz3WjbH601fzojFI6tudg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9NzU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2014-01-27T185452Z_1_CBREA0Q1GJO00_RTROPTP_2_CBUSINESS-US-SAC-DIVORCE.JPG" width="130" height="86" alt="Hedge fund manager Cohen, founder and chairman of SAC Capital Advisors, responds to a question during an interview at the SALT Conference in Las Vegas" align="left" title="Hedge fund manager Cohen, founder and chairman of SAC Capital Advisors, responds to a question during an interview at the SALT Conference in Las Vegas" border="0" /></a>By Joseph Ax NEW YORK (Reuters) - Steven A. Cohen's ex-wife, who accused the billionaire hedge fund founder of hiding $5.5 million during their 1990 divorce, can pursue fraud claims against him but cannot go after him for racketeering, a federal judge ruled on Monday. U.S. District William Pauley in New York dismissed civil racketeering claims against Steven Cohen, the founder of SAC Capital Advisors, but said Patricia Cohen's claims of fraud and breach of fiduciary duty would go forward. In doing so, Pauley noted each side's &quot;seemingly inexhaustible legal resources&quot; as one of the unusual circumstances that have transformed what would otherwise be a mundane marital dispute into a years-long litigation battle. The legal fight, which began with Patricia Cohen's request for increased child support in 1991, has lasted more than twice as long as the marriage, the judge noted.</p><br clear="all"/>

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