Monday, 30 November 2015
Last updated 2 days ago
Oct 5 2010 | 6:27pm ET
Och-Ziff Capital Management and a similarly-named London hedge fund are battling in court over what's in a name.
Och-Ziff's London unit, Och-Ziff Management Europe, has sued Och Capital. The firm has asked a London court to issue an injunction against the other Och. It is also seeking damages for trademark infringement at a trial that began today, Bloomberg News reports.
Och Capital was founded by Thomas Ochocki last year. Ochocki's lawyers say their client was known as "Och" at his previous job because his name is difficult to pronounce, and told the court that Och Capital is intended to be pronounced "O-C-H" Capital.
"Our client said they were willing to change to O.C.H." late last year, the lawyer, Alistair Wilson, told the court. "That was rejected." Wilson added that there was "no intention to cause any confusion at all," and he apologized for Och's previous failure to comply with court orders.
Och-Ziff countered that Och's cooperation "has been totally unsatisfactory and inexcusable."
The trial is scheduled to wrap up tomorrow.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…