‘Wall Street Saloon’ Archives
NEW YORK: The Wall Street Journal dishes on socialite Tinsley Mortimer’s divorce
I don't know what to make of it but divorcée and socialite Tinsley Mortimer, née Mercer, was literally a lengthy article in today's Wall Street Journal! Either Tinsley is bigger than I realized or the Wall Street Journal has lost its catchet, completely. And that is not to put down Tinsley. She seems like a fine specimen. But a whole column [...]
NEW YORK: Cuomo sues and the 3 stooges of Wall Street (Ken Lewis, Bernanke and Paulson) vow divorce
It's hard to get a divorce angle with this one. But I just accidentally stumbled upon this story in Barrons about how Andrew-I-wanna-be-governor Cuomo is suing Ken Lewis (former CEO of Bank of America) for fraud, for the 2008 acquisition of Merrill Lynch during the heat of the financial meltdown. Says Barrons: Shares of Bank of America (BAC) are [...]
Is John Edwards a domestic abuser? Did he beat Elizabeth and punch her in the gut last December?
There are some foul reports that John Edwards hit Elizabeth last year. I think the Enquirer is running the story. Now, concededly, it was the Enquirer that broke the story about his adultery so you can't just dismiss the paper as a filthy rag anymore. You have to at least think about it for a few seconds before you do that. Could John Edwards, [...]
WALL STREET: Patricia Cohen v. Steven A Cohen (SAC) the second time around: Will she get her “equitable distribution”?
Says Reuters: Hedge fund magnate Steven A. Cohen was accused by his former wife on Wednesday of hiding millions of dollars from her and of engaging in insider trading in a high-profile merger in the 1980s.Patricia Cohen's allegations, described by Cohen's spokesman as "ludicrous," bring to the fore details from a 1986 insider trading probe in RCA [...]
GREENWICH, CT: Does Patricia Cohen want ex-husband Steven A. Cohen’s Greenwich mansion?
She is suing him under RICO for insider trading in civil court - a novel case for sure. But what is it that Patricia Cohen really want from ex husband Steven Cohen of SAC Capital Advisors? Could it be his mammoth Greenwich Connecticut mansion? All 35,000 square feet of it? You have to figure it's worth at least $50 million. Here is a partial [...]
NEW YORK: The Benmosche/AIG marriage remains strong for now; no divorce imminent
Say what you want about Robert Benmosche, he takes his "commitment" very seriously. There will be no divorce for this guy any time soon. Sure, he threatens to throw in the towel from time to time. But mostly that is just bluff. He is committed to his marriage and he's staying put. But more than that, he understands this concept of "forsaking [...]
NEW YORK: Should “too big to fail” banks divorce each other to save the banking system?
The Wall Street Journal had an article up recently (today?) Divorce as cure for banking headache written by Peter Eavis.I am not subscriber so I was only able to read the first five lines or so. But I think I get the drift of the article and that is, these massive banks such as Morgan Stanley, Goldman, Wells Fargo, Citi and others might want [...]
NEW YORK: Can TARP money help you with your divorce action?
NEW YORK: I was at this white shoe law firm yesterday for continuing legal education training and boy, let me tell you, they know how to spend that TARP money. I was blown away by the...well, first of all, the carpet in that law firm is so plush, that when you walk, you bounce and jiggle, okay? It was all so....THE FIRM....you know? And the [...]
PALM BEACH: Billionaire Madoff pal Jeffry Picower drowns; wife Barbara Picower left penniless?
A PALM BEACH WIDOW NAMED BARBARA PICOWER LATEST MADOFF VICTIM? With her husband Jeffrey Picower dead from an apparent heart attack while swimming in his pool at his luxury beach side mansion in Palm Beach, Barbara Picower must be nervous as hell. And that is because her philanthropist husband was under the suspicion of the Madoff trustees, [...]
SILICON VALLEY: Roomy Khan’s rock solid marriage to Sakhawat Khan will never be annulled
Call Roomy Khan whatever you want: Nark. Informant. Judas Iscariot. Insider Trader. Housekeeper abuser. But one thing you can't call her is a divorcee. Roomy is married to Sakhawat Khan and chances are pretty good that this marriage will last till death do them part. The two are no strangers to controversy and lawsuits. They [...]
LONDON/NEW YORK: Are hedge funds the new way to finance your divorce? by New York Divorce Attorney
How to finance your divorce Riveting article in today's Guardian.co.uk. that leaves me wondering whether American couples going through divorce may soon fund their divorce expenses through hedge funds. You can find the article here: http://www.guardian.co.uk/business/2009/oct/16/hedge-funds-divorce-litigation-funding It is slightly dense [...]
NEW YORK: Barclays and Bank of America threaten to divorce Raj Rajaratnam
Everybody is talking trash about Raj Rajaratnam, including his former paramours Barclays Bank and Bank of America. The Guardian.co.uk did a report yesterday, suggesting that these banking giants are planning to divorce their former wonder boy. The speed and scope of redemptions has left Galleon's traders hurrying to liquidate investments. [...]
INDIA: Indian School of Business (“ISB”) divorces McKinsey director Anil Kumar following arrest for insider trading in New York
Hyderabad, India The prestigious, globally well-regarded Indian School of Business' ("ISB") reputation has been tarnished with the recent arrest of one of its board members, Anil Kumar, who is also senior partner at McKinsey & Co. here in the United States. The charges stem from an SEC probe and is a result of "infectious greed" spreading [...]
NEW YORK: The Martha Stewart/Kmart divorce comes on the heel of Danielle Chiesi’s arrest for insider trading alongside Raj Rajaratnam
Martha and Martha Stewart Omnimedia and Kmart have parted ways. The threesome had, what I guess you can call, a divorce. Martha put out a press release basically waxing poetic about the relationship the three had and that it was "productive" and that she wished them well post-breakup. Some speculate that Martha Stewart Omnimedia "cheated" on Kmart [...]
NEW YORK: Raj Rajaratnam’s wife Asha Pabla must be wondering if October is a good month to file for divorce
http://www.flickr.com/photos/the-o/ / CC BY 2.0 Yet another billionaire on Wall Street hits the skids. This time it is Sri Lankan American hedge fund manager extraordinaire, Raj Rajaratnam. Breaking news today is that Raj has been arrested and charged with insider trading along with some other high profile executives at IBM and a few other [...]
SAN FRANCISCO: Letter in Yahoo Pres. Sue Decker’s divorce proceedings from San Francisco’s Bley and Bley
Sometimes, divorce law practice can be excruciating. To wit: this letter written by San Francisco firm Bley and Bley in the Divorce of Yahoo ex pres. Sue Decker and her husband. It is 8 pages of repetitive, convoluted, long-tailed mumbo jumbo lawyer speak, oh my god! Why are lawyers so verbose? It's, like, get to the point [...]
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