Court Rules For Touradji On Ex-Employees' Computer Files

Aug 22 2012 | 11:51am ET

Touradji Capital Management has won the right to review a forensic report about two personal computers owned by a man seeking more than $25 million from the hedge fund.

A New York State appeals court overturned a lower-court ruling that found the reports, about Robert Vollero's personal laptops, were privileged and therefore did not have to be revealed to Touradji. Vollero and another former Touradji portfolio manager sued the hedge fund seeking more than $50 million in withheld bonuses; Touradji responded by accusing the two of "fraud," "mismanagement and utter disregard for the interests of the investors," and filed a countersuit accusing the two of stealing its proprietary information to found a rival firm.

Vollero's lawyers had a forensic specialist inventory the two computers that Touradji had sought to have examined. And they won a ruling in a lower court that found the reports to be privileged attorney work.

But the Appellate Division disagreed, ruling that only the "impressions, directions, etc., of counsel" were attorney work and that the lower court "should have conducted an in camera review to ascertain whether any portion of the reports is attorney work product," Law360 reports.

The three-judge panel ordered the lower court to hold such a review.


In Depth

Q&A: Decathlon Capital On Revenue-Based Alternative Lending

Oct 30 2017 | 3:49pm ET

The explosion in private credit activity since the end of the financial crisis is...

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

Saxby: Not All EBITDA Is Created Equal

Nov 30 2017 | 8:02pm ET

Record levels of dry powder are driving competition among private equity firms to...