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September 9, 2013

No end in sight for decade-long Conn. divorce case

(Continued)

Kaiser, a 48-year-old homemaker in Southbury, and her divorce lawyer, Dori-Ellen Feltman, declined to comment about the case.

Zilkha, 44, a British citizen now living in London, told The Associated Press that Kaiser has been trying to destroy their children’s love for him. He says she has failed to comply with court orders and has abused the court system, which he believes is biased against fathers in child visitation cases.

“Basically, my kids and I have been brutalized,” Zilkha said, referring to the legal process. “It’s been soul-destroying. It’s been life-destroying.”

Kaiser filed for divorce on Aug. 13, 2003, saying the five-year marriage had “broken down irretrievably.” A judge granted the divorce May 31, 2005, but the case continued with scores of motions involving the children and legal costs.

The proceedings took an unusual turn in January 2009, when the divorce case unveiled evidence that led the Securities and Exchange Commission to reopen an insider trading investigation against Pequot Capital Management Inc., then based in Westport.

SEC officials said Kaiser provided them with emails she saved from her and her ex-husband’s home computer that helped show Zilkha provided inside information about Microsoft Corp. to Pequot and its founder and chairman, Arthur Samberg, in 2001. The SEC alleged Pequot and Samberg used the information to trade Microsoft shares and make more than $14 million for the Pequot funds.

Pequot and Samberg later agreed to pay $28 million to settle the SEC’s insider trading charges, but neither admitted nor denied wrongdoing. The SEC also obtained a $250,000 judgment against Zilkha, who was working at Microsoft when Pequot hired him in April 2001.

Kaiser and her current husband, meanwhile, got a $1 million award from the SEC for helping with the investigation — the largest award the agency had ever paid for information in an insider trading case.

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