Friday, 26 December 2014
Last updated 2 days ago
Aug 4 2010 | 10:11am ET
Highfields Capital Management founder Richard Grubman doesn’t want his messy public spat with a Boston valet to devolve into a messy public trial. The hedge fund honcho probably also doesn’t want to spend 10 years in jail, if he’s convicted of assault with a deadly weapon.
Grubman’s lawyer, Philip Tracy, told a Boston judge on Monday that he is working to settle the charges with the district attorney and Joseph Lubin, the valet at Boston’s Ritz-Carlton Hotel and Towers that Grubman is accused of throwing his car keys at after Lubin asked the hedge fund manager to move his BMW from a residential-only parking area.
“We’ll be able to come up with a resolution pretrial,” Tracy said, requesting an Aug. 24 hearing on the settlement. Grubman was present at Monday’s hearing, but did not speak.
The Highfields chief was arrested in April after allegedly throwing a temper-tantrum as he arrived for dinner at the Blu restaurant at the Ritz. When Lubin, a valet for the Ritz’s residents, asked him to move his car, Grubman allegedly threw his keys at the valet, hitting him in the face, and showered Lubin with obscenities. According to the police report, Grubman continued to curse a blue streak after the authorities arrived, beginning “to yell and scream, stating he was being abused.”
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.