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Billionaire Cohen won divorce lawsuit

On May 19, a Manhattan judge dismissed the fraudulent divorce lawsuit against billionaire Steven Cohen due to a lack of evidence that he had cheated his estranged spouse Patricia out of millions, a report of CNBC stated.

According to reports, Patricia alleged that Cohen committed fraud in a 1990 divorce case by concealing millions of dollars. Patricia is pursuing to get 50 percent of the supposedly hidden $5.5 million with interest. However, Manhattan federal court Chief Judge Loretta Preska ruled there was insufficient evidence presented in court to support Patricia’s claims. The judge also noted Patricia filed the lawsuit too late as she had previously suspected Steven of concealing his assets in 1991 and in 2006. The legal team representing Patricia stated they disagree with the decision and are considering appealing the case.

The lawyers at Holmes, Diggs, Eames & Sadler in Houston understand how complicated divorce cases can be, especially when millions of dollars are involved. If you are in such a situation, we may tirelessly work on your behalf to protect your rights. Learn more about your legal options today by calling (713) 802-1777.

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