It’s looking like Hank Greenberg (‘s lawyer) might actually convince people he was wronged. Read more »
Ray Dalio Will Not Have Some 2-Bit Ex-Employees Trading On His Name, Not Even If They’ve Got The Moves Of Fred AstaireBy Bess Levin
Bridgewater Associates sued Howard Wang and Wenquan “Robert” Wu in federal court in Manhattan on Tuesday, saying they tried to publicize their newly-formed hedge fund, Convoy Investments, by lying about their former roles at Bridgewater. Bridgewater claims that Wang and Wu tried to pass themselves off as “former key figures responsible for core aspects of Bridgewater’s business,” but “they were nothing of the sort.” Bridgewater is asking a federal judge to order Wang and Wu stop misrepresenting their role at Bridgewater and pay the hedge fund firm damages…Bridgewater says that Wang joined Bridgewater in 2008 as an entry-level junior analyst in the client services department that is responsible for managing the hedge fund’s relationships with clients. Wang left in 2012 and Bridgewater says he told the hedge fund “that he intended to pursue ballroom dancing ‘full time as a competitor.’” Wu joined Bridgewater’s internal finance department in 2007 as a software developer, coding software that calculated Bridgewater’s fees. Wu was later transferred to the core tech department at the hedge fund and dealt with discrete coding projects until he left the hedge fund firm in 2010, telling Bridgewater that he was unemployed and traveling, the hedge fund claims. [Forbes]
This December will mark five years since Patricia Cohen, Steve’s first wife, came back into his life with the fury of a thousand Preet Bhararas. To celebrate, he’s going to smother her with a pillow. Just kidding, that’s for year six. For five, he’s going with this: Read more »
As you may recall, a few years back, a couple of former Titan Capital Group assistants suggested via lawsuit that it was not appropriate for their boss to ask them to print out topless honeymoon shots of the his new wife and then to ask whether they liked them as much as he did. They additionally suggested that it was equally inappropriate for the boss’s brother, Marc Abrams, to say a few unkind things to one of them, who also happened to be his ex (including that she was a “dirty pig thief” and “rotten bitch” and so on).
Until about a week ago, Cristina Culicea and Danielle Pecile didn’t have much to show for their efforts, other than the photos, what with the lawsuit still pending. Then, news of the four-year-old lawsuit apparently made its way to Greenwich, and they at least got this: Read more »
Heckling Carmelo Anthony Costs Financial Services Employee His Job, Clean Arrest Record, Sweet Corporate Seats: LawsuitBy Bess Levin
As many of you know, a big part of a lot of people’s jobs on Wall Street is to entertain clients, often times at sporting events. Since the purpose of these outings is to foster relationships and kiss ass, one generally aims to put his or her best foot forward, and not do anything that might make the client embarrassed to be seen with you in public. For instance, even if you’re the type to engage in some serious heckling of players, you maybe dial it back a bit and leave go-to moves like repeatedly grabbing your crotch and shouting “Hey [object of derision], I got your foul shot right here” and then turning to your seat mate and smirking, as if to say “NAILED IT,” at home. So far to our knowledge, trader Anthony Rotondi did not pull out the crotch move one night last winter at the Garden, but he did apparently engage in some sort of behavior that resulted in a lesson learned. Read more »