Equinox Sues Ex-Exec For Defecting To Rival Fund Manager

Law360, New York (January 25, 2012, 5:50 PM EST) -- Equinox Fund Management LLC filed a lawsuit in Illinois federal court Wednesday accusing a former managing director of using company trade secrets to help rival Solution Funds Group Inc. set up a competing fund and hiring away a key Equinox employee in violation of his employment contract.

The suit claims Richard Knott, the former managing director, emailed confidential Equinox documents to his personal email address after deciding to resign, and then helped his new employer, Illinois-based Solution Funds, set up a “managed futures mutual fund that...
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