Ex-Titan Secretaries Allege Sexual Harassment At Hedge Fund

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.”


In Depth

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Trump Administration: What It Could Mean for Carried Interest

Jan 19 2017 | 5:25pm ET

The arrival of the Trump administration brings the potential for a repeal of the...

 

From the current issue of

The healthcare sector went on a tear beginning in 2011, thanks in large part to the passage of the Affordable Care Act and its impending implementat