Quad Capital Says Former Exec Stole Info, Moved To Rival

Law360, New York (October 15, 2013, 3:02 PM EDT) -- Wall Street broker-dealer Quad Capital LLC has accused its former chief operating officer of stealing confidential information from the firm and joining a rival hedge fund after just nine days on the job, according to a Friday complaint in New York state court.

Gregg Peter Grimmelbein worked for Quad Capital for nine business days — from Sept. 23 until Oct. 3 — then abruptly resigned to join Tiger Ratan Capital Fund LP, according to the suit. Shortly before leaving, Grimmelbein sent confidential information about Quad Capital...
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