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

'Smart Beta' Funds In Regulators' Sights, Hedgies May Be Next

Mar 26 2015 | 11:11am ET

Funds that mimic strategies used by active managers for a fraction of the cost could...

Lifestyle

Study: Both Marriage and Divorce Lead to Negative Hedge Fund Performance

Mar 25 2015 | 6:51pm ET

Trouble at home leads to trouble in the market for fund managers, according to researchers...

Guest Contributor

The Life Settlement: Yield For The Investor And Cash For The Consumer

Mar 31 2015 | 6:48am ET

Investors are languishing in a yield-starved, low-interest rate environment, looking...

 

Sponsored Content

    Mar 9 2015 | 6:35am ET

    Kelly RodriquesKelly RodriquesAs more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…

Editor's Note