Touradji Capital Management Countersues Former Employees
| November 5th, 2009 | ||
| Touradji Capital Management, the largest U.S commodities hedge fund, countersued two former employees, Robert Vollero and Gentry Beach, on Wednesday. Vollero and Beach claim they are owed $50 Million in unpaid compensation. All charges were dismissed against Touradji except a claim for breach of contract and a claim for inflicting emotional distress. Touradji’s countersuit, seeking more than $250 Million, alleges that Vollero and Beach lied about their experience, stole secrets and slandered the firm. The lawsuit and publicity surrounding it has caused clients to withdraw their assets and damage Touradji’s yearly performance. | ||
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Touradji Capital Management |
Related People: Gil Caffray;
Related Entities: Catequil Asset Management*;
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News
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