Monday, 25 May 2015
Last updated 3 days ago
Jul 20 2010 | 12:10pm ET
Hedge fund firm Churchill Capital has settled with two former analysts it accused of stealing client data and poaching staff in violation of their noncompete agreements.
The Bermuda-based hedge fund and brokerage ended the lawsuit, filed in Singapore, where Jonathan Foster and Charles Nave worked, last week. Churchill said that the two downloaded several files, including client data, after they had resigned but before they left the firm at the end of last year. The firm also accused them being in contact with another ex-Churchill employee who had also joined Aviate Global, which was not named in the suit.
According to Churchill, Foster’s and Nave’s allegedly duplicity was revealed because Foster had left his Skype account open on his office computer.
Churchill founder Patrick Churchill told Bloomberg News that the matter has been amicably resolved. He did not disclose the terms of the settlement.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…