Tantrum-Throwing Hedgie Seeks Settlement Of KeyGate

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.”


In Depth

Q&A: Fund Administration Comes To The Cloud

Jul 14 2017 | 7:23pm ET

The fund administration sector has been steadily implementing new technology, such...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Rastegar: PE Real Estate Gains Momentum as Uncertainty Rises

Jul 21 2017 | 6:04pm ET

The steady march of equity markets and fundamental shift in the direction of Fed...

 

From the current issue of