Friday, 22 August 2014
Last updated 3 hours ago
Oct 24 2007 | 7:44am ET
Piper Jaffray thinks hedge fund Vermilion Capital Management’s strategy is a little too familiar, and it’s not laughing. The Minneapolis-based investment bank has sued the founders of Vermilion—who just happen to be a quartet of Piper veterans—for stealing trade secrets.
Piper alleges that David Nicoski, Joseph Jasper, Shelley Moen and Scott McClure stole proprietary information about its technical research products, filing suit for misappropriation of trade secrets, breach of fiduciary duty, breach of contract and civil theft, HedgeFund.net reports.
Vermilion, founded two years ago and based in Edina, Minn., has denied the allegations and says that the foursome is cooperating with Piper.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note