Yesterday we all learned a valuable lesson about what happens when you address Steven A. Cohen as “Stevie” in the presence of his outside counsel, Martin Klotz, as evidenced by a recently unsealed deposition (you get one warning and then you end up in the trunk of a 1987 Cadillac Sedan De Ville, is what). Unfortunately, crucial dialogue between Klotz and Michael Bowe, the Fairfax Financial lawyer who was questioning Cohen, was cut off. And that part was just as important. You see, just because you can’t call him Stevie, doesn’t mean you can just call him anything you want, unless you’re okay with getting Sonny Corleone’d the next time you drive through a toll plaza without EZ Pass. Continue reading »
Martin B. Klotz
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Nicknames
SAC Capital Lawyer Martin Klotz Showed Enormous Restraint In Not Dealing With This Guy By Driving Him Out To The Pine Barrens
By Bess Levin
Quick story or not so much a story but a pet peeve I’ve never gotten off my chest: I hate when people use the nickname “Stevie” when referring to hedge fund manager Steve Cohen. It’s like nails on a chalkboard when anyone says it but particularly when deployed by total strangers creating false intimacy with the guy, as though they’re boys and/or they just finished sucking Cohen off. For her part, Mrs. Cohen is also said to be irked by the moniker, as she finds it childish. Having said all that, I’ve never taken someone to task for the offense* and, presumably, the Missus hasn’t either or at least not in the spectacular form demonstrated by Cohen’s lawyer. Earlier this year, the SAC Capital manger sat for two days of deposition, which was recently unsealed, as part of a lawsuit filed in 2006 by Canadian insurer Fairfax Financial against a group of hedge funds that included SAC. At one point, Fairfax’s lawyer Michael Bowe addresses Cohen as “Stevie,” and in response, Martin Klotz, the attorney representing Steve and SAC, goes absolutely ape shit. Continue reading »