Showtime’s “Billions’” depiction of the hedge fund world isn’t exactly cinema verité. But many of its characters are, with varying degrees of looseness, based on real people: Chief villain Bobby Axelrod is pretty transparently based primarily on Steve Cohen, with bits of Steve Schwarman, Dan Loeb and Howard Lutnick sprinkled in, and those in his orbit seem to have their SAC Capital equivalents, including an ex-wife that seems a combination of both Cohen’s current and former spouses, and a Matthew Martoma who actually cooperates with the authorities. And the lead authority, Chuck Rhoades, is rather obviously a Preet Bharara stand-in, with a bit of Eliot Spitzer thrown in for good measure.

But the sincerest form of flattery doesn’t end with those ripped from the headlines. Hedge fund performance coach Denise Shull is convinced that she’s the inspiration for Wendy Rhoades, Chuck’s wife and Axe Capital’s performance coach—and she doesn’t consider it flattering at all, going so far to sue the show for copyright infringement, the copyright in question being herself. That went nowhere, and now Shull says Andrew Ross Sorkin & co. are rubbing her face in it by dressing Rhoades in her wardrobe.

“It’s a little hard to argue there’s no likelihood of confusion when they’re raiding my closet,” Shull told The Post of the distinctive navy blue pencil dress with an asymmetrical neckline that she wore during two video-recorded interviews last year…. Shull and her legal team think the folks behind “Billions” — including executive producers Andrew Ross Sorkin, Brian Koppelman and David Levien — may have dressed the women alike after the case was tossed in October….

“I’m actually surprised they would pull these stunts,” Shull said. “Maybe Koppelman wants to troll me — but it seems more like playing chicken with the court.”

Of course, it’s not those clothes Shull is really pissed about.

In January, they filed an amended complaint against the “Billions” team citing multiple instances in which Shull was contacted by people, including clients, congratulating her on the success of the series and Wendy Rhoades — or questioning if she, too, is a dominatrix.

“If I have been asked if I am a dominatrix once, I’ve been asked that 100 times,” Shull said after the case was tossed last year. “Once their show began airing, I could not escape comments from my clients, followers and audiences mentioning the similarity between Wendy and me.”

Hedge fund coach claims ‘Billions’ trolling her by dressing character in favorite outfit [Thornton/N.Y. Post]



‘Billions’-Based Courtroom Costume Drama To Return Long Before ‘Billions’

Shull v. Sorkin is coming back to a courtroom near you (if you live in Manhattan), and to a livestream for everyone else.


‘Billions’ Judge Is Clearly No Clotheshound

Closet infringement or no, this case is closed.


It Doesn’t Look Like There Will Be A Second Season Of ‘Billions’ Wardrobe Drama

It’s never good when a federal judge cuts your lawyer off with, “That’s enough.”


‘Billions’ Gets A Dozen More Chances To Mess With Local Hedge Fund Performance Coach

Denise Shull can’t shake her fictionalized self next year—or the year after.


Citadel Securities, Accused Of Rigging Markets, Accuses Someone Else Of Rigging Markets

Your purported friends are IEX are not actually your friends, dear retail investors, sayeth Ken Griffin.


Pharma Accused Of Taking Break From COVID Vaccine Work To Give Former Hedge Fund Owner An Opportunity To Do A Little Insider Trading

That pause in selling Vaxart shares and increase in ownership ceiling sure was fortuitously timed for Armistice Capital, no?

By SteeleatHaymanCapitalManagementLP (Own work) [CC BY-SA 4.0], via Wikimedia Commons

Kyle Bass Barred From Making Stuff Up About Lawyers For REIT He Accuses Of Making Stuff Up

Is it a good idea to piss off the judge presiding over your case this much? It seems like it might not be a good idea.