Monday, 28 July 2014
Last updated 2 days 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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…