It was Daddy’s dirty little secret that he was having sex with his daughter, and it should have stayed that way, a New York judge ruled in ordering disgraced hedge-funder David Bruce McMahan a nominal $1 award against his ex-wife for dishing to a newspaper about the alleged incest.
McMahan, CEO of McMahan Securities Co. LP, sued his fifth wife, Elena McMahan, in 2007 for breaking a confidentiality clause in their divorce agreement.
McMahan says he lost more than $9 million in fees after news broke of the alleged affair with his long-lost daughter, Linda Hodge.
In 1990, Linda reunited with him. Eight years later, the then-29-year-old allegedly started having sex with her married 63-year-old father, according to court papers.
A jury found the money manager had “not sustained any damages,” but Westchester Judge Terry Jane Ruderman ruled in a decision released Tuesday that Elena violated the confidentiality clause and should pay her ex the buck for the breach.
The judge also set a hearing to determine how much Elena should give McMahan to cover his legal fees.