More Trouble for Stevie
That salacious lawsuit filed against SAC Capital by a former trader at the mega-hedge fund was just the tip of the iceberg. Steve A. Cohen, SAC's super-secretive founder, now has an even more embarrassing legal mess on his hands. Cohen's first wife, Patricia, whom he divorced in 1988, has filed a $300 million lawsuit against the billionaire, alleging he engaged in insider trading in the 1980s and later concealed millions of dollars of assets from her by setting up a racketeering scheme with his brother. [NYT]