UPDATE 1-Lawyer for Cohen's ex-wife wants lawsuit dismissed
* Lawyer for ex-wife files a voluntary dismissal notice
* Patricia Cohen gets new lawyer
* Ex-wife: "shocked and stunned" by dismissal notice
By Matthew Goldstein
NEW YORK, Jan 12 (Reuters) - A lawsuit filed by the ex-wife of Steven A. Cohen, which accused the hedge fund magnate of hiding millions of dollars from her during their divorce proceeding two decades ago, could be dismissed just weeks after it was filed in New York federal court.
Paul Batista, the attorney for the ex-wife, Patricia Cohen, filed the notice to dismiss the lawsuit on Tuesday.
Batista filed a day after lawyers for Cohen, the founder of SAC Capital Advisors, one of the most prominent hedge funds, filed a motion seeking to impose sanctions on the ex-wife and her legal team for filing a frivolous lawsuit.
The motion seeking sanctions had no impact on the decision to dismiss the lawsuit, Batista said. He did it because he learned two weeks ago that Cohen's ex-wife planned to replace him with another lawyer.
Patricia Cohen said she was "shocked and stunned" by Batista's motion to dismiss the case.
She had not authorized Batista to file the motion, she said, adding that her new lawyer, Gaytri Kachroo, might file a new or amended complaint.
Batista said he had no official communications with his former client since then. No new lawyer for Patricia Cohen has contacted him, he said.
The voluntary dismissal motion lets Patricia Cohen refile the lawsuit if she chooses to do so.
"We are not surprised that, when faced with our motion for sanctions, they withdrew the complaint," said Jonathan Gasthalter, an SAC spokesman. (Reporting by Matthew Goldstein. Editing by Robert MacMillan)
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