Ex-Soros Trader Awarded $4.6M In Spinoff Fund Fight

Law360, New York (September 18, 2012, 11:22 PM EDT) -- A Delaware Chancery Court judge on Monday said a hedge fund that spun off from Soros Fund Management must give a former limited partner the $4.6 million from his capital account that it withheld following a contract dispute when he left the firm.

Chancellor Leo E. Strine ruled that Camulos Partners LP must return the proceeds of the capital fund to limited partner and senior analyst William Seibold, which it had diverted to itself after Seibold downloaded a large number of Camulos documents, some of which...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.