Hennessee Sues Former Compliance Chief For Theft

Mar 26 2008 | 1:14pm ET

The Hennessee Group Monday filed suit against its former chief compliance officer, accusing her of stealing trade secrets and a contact list when she was forced out of the firm.

According to the New York-based fund of hedge funds firm, perhaps best known for its hedge fund indices, leanna Piscopo admitted during pretrial discovery for her own suit against Hennessee that she downloaded the information and shared it with her new employer, Manchester Square Investment Group, which is itself starting a hedge fund.

The stolen data allegedly included Hennesee’s “commission model,” which details how its clients pay it, “trade secrets, confidential material and proprietary information that was the lifeblood” of the firm, the lawsuit charges.

Hennessee has also filed suit against Manchester Square and Piscopo’s husband, Alex Smith-Ryland, a former marketing director at Hennessee.

Piscopo sued Hennessee two years ago, alleging that managing principal E. Lee Hennessee asked that either she or Smith-Ryland leave the firm after Piscopo become pregnant with Smith-Ryland’s child.


In Depth

An Interview With Harvest Volatility Management's Rick Selvala

Mar 23 2017 | 5:39pm ET

Several years of extremely low interest rates have pushed some investors into equities...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

SEI: Private Debt Coming Into Its Own

Mar 8 2017 | 9:24pm ET

The explosive growth of private debt over the past few years has caused the lines...

 

From the current issue of