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Alternative Market Briefing

Gentry Beach's long legal battle with Touradji gets almost political
Monday, June 19, 2023

B. G., Opalesque Geneva:

The long bloody legal battle waged by hedge fund Touradji has come to the limelight once again, this time with a new pawn: a former U.S. president's son.

In January 2009, two former employees filed a lawsuit in New York State Supreme Court against Touradji Capital Management, LP, a commodities hedge fund manager in New York with then $3.5bn under management, and its founder Paul Touradji, asserting that the defendants owed them almost $50m in bonuses and profit sharing. The following year, the defendants filed countersuit, claiming that, while employed by Touradji Capital, the two had breached their fiduciary duties to the firm, and that after they left, they had committed unfair competition.

In June 2019, the two former employees finally won the decade-long lawsuit against the firm and were ......................

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