Tue, Jun 30, 2026
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Alternative Market Briefing

Research firm Aksia files suit against two former employees for theft of investment data and proprietary research

Friday, January 15, 2010

From the Opalesque team:

New York based hedge fund research and advisory firm Aksia filed suit in New York State Supreme Court on Thursday claiming two former employees who recently left to join a competitor firm stole confidential and proprietary research reports, templates, investment data and methodologies. Aksia also alleges the pair tampered with business records and deleted electronic information including thousands of emails.

According to documents filed by Seward and Kissel on behalf of Aksia the named defendants are Sarah Cole and Corissa Mastropieri. The firm argues that each of the pair is in breach of the confidentiality, non-solicitation agreements and policies outlined in the firm's Employee Handbook.

The suit says "proprietary and sensitive research and investment methodologies and work product, as well as its business and marketing strategies, all of which Aksia maintains as a confidential trade secret, give it a competitive edge and are critical to maintaining its client relationships and goodwill."

Aksia alleges the pair worked together starting in November 2009 to take confidential and proprietary information and leave the firm. Through forensic analysis of the company's computers and servers the firm cites early November internet searches for places to purchase USB flash drives, followed by mass downloads onto such devices as well as remote downloads recording in excess of 2 gigabytes of data. The firm also ci......................

To view our full article Click here

Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Other Voices: Nvidia extraordinary growth and the challenge of sustaining demanding valuations over time[more]

    Antonio Di Giacomo, Senior Market Analyst at XS.com, writes: Nvidia has established itself as one of the most extraordinary growth companies in the global technology sector. Over the past two fiscal years, its revenues have risen from levels close to $60 billion annually to well above $120 billi

  2. Secondaries take center stage: What the 2026 PE landscape means for GPs and investors[more]

    Matthias Knab, Opalesque for New Managers: The 2026 edition of Dechert's Global Private Equity Outlook - "Signs of a Gradual Thaw" - marks a notable shift in industry sentiment. After years of compr

  3. And, finally: Time to share it with the people[more]

    From Newsoftheweird: Leavenworth, Washington, has become a tourist destination because of the Bavarian theme businesses have adopted there, NPR reported. One shop, the Leavenworth Nutcracker Museum, houses the world's largest nutcracker collection, thanks to 101-year-old Arlene Wagner. Wagner sta

  4. Opalesque Exclusive: Private Markets Evergreen Funds - An Insider's View[more]

    Matthias Knab, Opalesque for New Managers: Private Markets Evergreen Funds: What Investors Need to Know Before They Dive In The democratization of private markets is well underway. Structural barriers t

  5. Opalesque Exclusive: Governance, Scale, and Boutique Resilience in a Consolidating Hedge Fund Industry[more]

    Matthias Knab, Opalesque for New Managers: The hedge fund industry has undergone significant consolidation in recent years, with capital increasingly concentrated among large multi-strategy platforms. Yet boutique m