Poor little rich boy

Fresh from seeing his most trusted lieutenant busted for insider trading, Steve Cohen’s ex-wife’s lawsuit against him has been reinstated. This lady divorced him in 1989 and is still going after him. If she’d spent half of what it’s cost her in lawyers’ fees on a good psychiatrist, she’d have moved on by now.


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8 responses to “Poor little rich boy

  1. Anonymous

    well, you should say why not the rich guy just settled with her by paying the claimed half which is like 0.001% of his assets

  2. AJ

    Oh oh, looks like Bernie, like a caged canary — cheep-cheep-cheep, is beginning to sing. Walt, didn’t you learn that guy anything?
    ‘Madoff Contacts Congress: ‘JPM Was Complicit In My Crime”


  3. Madoff Song

    Now even too too bigger to fail

  4. AJ

    ‘As mad as hell! Fury as judges nix ‘no-fault’ Wall Street deals’

    “They’re like stealth bombers.

    A growing number of federal judges have had about as much as they can take with Wall Street firms paying hefty fines to settle probes into serious wrongdoing — without admitting any guilt or any executive taking the fall.

    So at least four judges, in New York and Washington, are not going to take it any more.

    The mostly quiet attack by these judges on a long-standing business practice could mushroom into one of the most serious threats to bad corporate culture in many years.

    The pushback against the “neither admit nor deny guilt” settlements comes as many Americans grow frustrated that few executives have been held personally accountable for toxic mortgages, betting against the client and insider-trading practices.

    The latest example of judicial frustration came this week when Manhattan federal judge Sidney Stein raised concerns about a $590 million settlement agreed to by Citigroup to settle charges it deceived shareholders about its toxic mortgage holdings.

    The shareholder suit named former CEO Chuck Prince and senior adviser Robert Rubin — but only the bank and not the executives paid out to settle the case.

    “Does the absence of any payments from the individual defendants render the settlement unfair to class members who still hold the Citigroup stock they purchased during the class period?” the judge asked in a memo announcing a hearing to discuss the terms of the controversial deal.

    “In the cases where there’s really egregious behavior, I think to let these people off scot-free is just wrong,” said Lynn Turner, with the $37 billion Colorado Public Employees’ Retirement Association.

    Just last month, Manhattan federal judge Victor Marrero questioned a record $602 million settlement the Securities and Exchange Commission hashed out with hedge-fund giant SAC Capital over allegations of insider trading….”


  5. AJ

    “…If she’d spent half of what it’s cost her in lawyers’ fees on a good psychiatrist, she’d have moved on by now.”

    Yeah, but, there’s gold in them thar hills, CF.