2nd Circ. Mucks Ex-Partner's Suit Over Casino Venture

Law360, New York (December 10, 2009, 7:00 PM EST) -- D.E. Shaw Laminar Portfolios LLC has no duty to share profits from a takeover of a Las Vegas casino with a former business partner who claimed to have come up with the idea, a federal appeals court has ruled, ending Fabrizio Boccardi's $140 million breach of contract suit against the hedge fund.

A three-judge panel of the U.S. Court of Appeals for the Second Circuit on Wednesday affirmed the U.S. District Court for the Southern District of New York's dismissal of Boccardi's breach of contract and...
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