Ex-Wife of Late Hedge Fund Manager Seeks Damages on Behalf of Daughter

New York (HedgeCo.Net) – Kim Klein, ex-wife of late hedge fund manager Michael Klein, has filed a wrongful death lawsuit on behalf of their daughter Talia against both Michael’s company, Pacificor, and his estate.  Both Michael and Talia were killed in a plane crash over the Panama mountains this past Christmas in a small Cessna aircraft.

According to a report by the Santa Barbara Independent, the suit was filed on July 17th in the Santa Barbara Superior Court by Stuart Fraenkel of Kreindler & Kreindler, considered to be experts within the field of aviation litigation. 

The suit names Islas Secas as a defendent, the resort in Panama that Klein, along with his 13-daughter and his daughter’s friend were visiting.  The suit alleges that Klein had strapped in with a 23-year old pilot known throughout the community as “Mr. Death” because of a tarnished track record.  Ultimately though, Klein was in control of the plane and should’ve used better judgment , claims his ex-wife.

Because of the nasty weather and winds up to 36 knots, the suit states that Klein should’ve used caution, but instead “intentionally, recklessly, and in conscious disregard for the safety of others, flew, or directed the flight of the [aircraft] into said dangerous and perilous conditions, for business purposes.”

The group was headed north from Isla Secas to take photographs of properties.  Kim Klein is claiming she suffered both economic and non-economic damages. 

Julie Scuderi
Senior Editor for HedgeCo.Net
Email: julie@hedgeco.net

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