Observing that the case before him was one “to restore faith in the old-fashioned notion that divorce lasts forever,” a federal judge rebuffed a bid by billionaire hedge fund manager Steven Cohen to dismiss fraud claims brought by his former wife related to their 1990 divorce.
While Southern District Judge William H. Pauley III (See Profile) let Patricia Cohen’s common law fraud and breach of fiduciary duty claims proceed, he knocked out RICO claims against Cohen, his brother and an ex–business partner.
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