Tuesday, 23 September 2014
Last updated 11 hours ago
May 27 2011 | 12:32pm ET
In the case of the topless photos of a hedge fund manager's wife, one lawyer is in the clear.
A New York appeals court ruled this week that a lawsuit brought against the lawyer for two women who accuse Titan Capital's Russell Abrams of sexual harassment "could only have been brought to harass," as Thomas Wigdor is covered by attorney-client privilege. But although it upheld the lower-court ruling against Ronald Green, a lawyer for Abrams' wife, Sandra, it threw out the $1,000 sanction against Green, calling it unwarranted.
The case stems from a 2009 discrimination complaint filed by former Titan Capital assistants Danielle Pecile and Cristina Culicea. Pecile complained that Russell Abrams forced her to print copies of the topless photos of his wife, savoring her "embarrassment and discomfort," Pecile alleged. But according to the Abrams, that complaint followed a demand by Wigdor for $2.5 million in exchange for Pecile's copies of the pictures and their agreement not to bring the sexual harassment claim.
The Abrams responded with a lawsuit of their own, accusing Pecile and Wigdor of improperly possessing the photos and of using them to blackmail her and her husband. That lawsuit was followed in kind by a lawsuit from Pecile and Culicea, accusing Russell Abrams and his brother, Mark, a vice president at Titan, of being abusive.
That lawsuit and the Abrams' lawsuit against Pecile are still pending.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitich, CIO of Petty Endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.