Home > Laws > 1st Dept Erases $46M Verdict, Orders New Trial in Hedge Fund Managers’ Decadelong Legal Dispute

1st Dept Erases $46M Verdict, Orders New Trial in Hedge Fund Managers’ Decadelong Legal Dispute

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Appellate Division, First Department at 27 Madison Ave. (Photo by David Handschuh/NYLJ)Appellate Division, First Department at 27 Madison Ave., New York. Photo by David Handschuh/NYLJ

Faulting a trial judge’s mishandling of a discovery dispute, a state appeals court on Tuesday wiped out a $46 million award against Manhattan hedge fund Touradji Capital Management, and ordered a new trial in a decade-old legal battle involving two former portfolio managers who said they were stiffed on millions of dollars in performance bonuses.

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Laws

via Law.com https://www.law.com/

January 14, 2020 at 06:24PM

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