Priderock Contract Dispute Nets $1.25M For Financial Expert

By Cara Salvatore (March 11, 2019, 8:46 PM EDT) -- Priderock Capital Partners LLC owes $1.25 million to a quantitative analyst who said he did the financial heavy lifting in starting up a new fund but was unceremoniously dropped — and never paid — after the fund launched, a Florida federal jury has found.

The jury in the Southern District of Florida agreed last week with North Carolina resident and math whiz Webster Hughes that Priderock had left Hughes in the lurch after relying on his work as a '"quant" from at least September 2015 to June 2017 to get its Priderock Multifamily Debt Opportunity Fund off the ground. The fund...

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