Funds hedge ACPI and RMG head for the shock of the High Court
ACPI, managed by ex-Goldman Sachs colleagues Alok Oberoi and Brett Lankester, filed a lawsuit against RMG Wealth Management, seeking to prohibit the use of what she claims is acquired confidential information of Stephen Greene.
Funds hedge ACPI and RMG head for the shock of the High CourtDr. Greene was Chief Investment Officer of ACPI Fund of funds hedge arm early 2008 until April this year, resign for reasons of constructive dismissal, after having been suspended after complained on several occasions about his treatment. In September, he launched an action against the ACPI obtain damages after saying that he was "intimidation, harassed and threatened" and accusing the company to have a "culture of aggression."
Now ACPI, which at the time said claims were "completely without foundation", filed his own trial against M. Greene, GMI and the two founders of the Fund, David Man and Stewart Richardson. ACPI is seeking an injunction enjoining the defendants to use or disclose the confidential information and take illegal and unfair advantage by violations of M. Greene of contractual and fiduciary obligations. ACPI is also seeking damages and an account of profits which it alleges intentionally inflict damage by illegal means and an illegal conspiracy, but seeks commands for the return of confidential information and all documents.
In his original short, Mr. Greene alleged Mr. Oberoi threatened and said that he would like to throw "by the window glass on the fourth floor"of Office of Mr. Oberoi."" It was alleged that he was paid a premium of £ 30,000 in 2008, when he was entitled to £ 100,000. He also said double management responsible for ACPI and overcharged administration fee collective equipment expenses.
ACPI has refused to comment further. GMI does not comment by the time of going to press return.
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