Wednesday, 27 August 2014
Last updated 3 hours ago
Aug 2 2010 | 8:48am ET
A pair of former assistants Titan Capital has sued the president of the hedge fund and his wife for sexual discrimination.
The lawsuit is the latest salvo in the legal battle between Danielle Pecile and Cristina Culicea on one side, and Russell Abrams and his wife, Sandra, on the other. The two women first filed a complaint with the Equal Employment Opportunity Commission, with the headline claim that Pecile was forced by Abrams to print copies of topless photos of his wife. Sandra Abrams then sued the women, demanding that they return their copies of said pictures.
Pecile and Culicea say they are holding on to the racy images as part of their litigation against the Abrams and several other Titan officials.
According to Pecile, Abrams savored her “embarrassment and discomfort” over the pictures, asking her, “You liked them, didn’t you?”
“He gave me a perverted smirk,” she told the New York Post.
Pecile and Culicea allege in their countersuit that the incident was only one in a series of abusive episodes during their time at Titan. The two claim they were “repeatedly” hit on, cursed at and insulted, called “idiots,” among other things. Marc Abrams, Russell’s brother, a vice president at Titan, reportedly hurled a slew of unpleasantries at Pecile—his former girlfriend—after she quit in April, calling her a “rotten bitch,” a “dirty pig thief” and a “whore.”
The Abrams, who are seeking $1 million in their lawsuit against the women, claim that Pecile and Culicea’s lawyer offered to settle the case and return the pictures—for a cool $2.5 million.
“The Equal Opportunity Employment Commission completed a full investigation and concluded there is no basis to believe that Titan Capital engaged in any unlawful conduct toward Danielle Pecile and Cristine [sic] Culicea,” the hedge fund said. “It thus dismissed both their charges. This meritless lawsuit is nothing but a shakedown attempt by two former employees.”
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...