Billionaire Cohen’s former spouse may appeal divorce settlement lawsuit

Posted on Monday, May 23rd, 2016 at 8:39 pm    

The former spouse of American hedge fund billionaire Steven Cohen, according to a legal counsel, may appeal her case after a Manhattan federal court judge noted that her evidence in accusing Steven of fraud was insufficient, a May 19 report from CNBC said.

Patricia, in a 2009 lawsuit, is pursuing to receive 50 percent of $5.5 million worth of assets from Steven, 59, after their divorce in 1990. However, Chief Judge Loretta Preska stated her legal team failed to support her allegations of fraud due to a lack of evidence. The judge also stated Patricia filed the lawsuit too late as she had suspected Steven of concealing assets from her in 1991 and in 2006. Patricia’s legal counsel told reports that his client may choose to appeal the case, arguing that a jury might side with Patricia after reviewing the evidence.

The process of a divorce can be a difficult one, but it can become even more complicated if you suspect your spouse of fraud. If you are considering fighting against your divorce settlement, working with a skilled legal team can be a strong asset when seeking to strengthen your claim. Please contact our legal team of the BB Law Group PLLC in The Woodlands today by calling (832) 534-2589 to speak to an experienced lawyer about your case.