Hedge Fund Sues Rival For 'Corporate Espionage'

Law360, New York (February 26, 2008, 12:00 AM EST) -- New York-based hedge fund Elliott Management Corp. has sued Cedar Hill Capital Partners LLC, accusing the rival of a secret conspiracy to pilfer its confidential trading software with the help of two Elliott employees acting as double agents.

The fund filed a complaint in the Manhattan district court Tuesday, alleging Cedar plotted with two of its employees to “literally steal the software in order to use it for its own trading activities.”

“This action concerns a recently unearthed secret conspiracy led by Cedar Hill against Elliott,”...
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