Venable has filed a trade secret misappropriation lawsuit in the Southern District of New York on behalf of Hedgeye Risk Management, an independent investment research and online financial media firm.
Venable has filed a trade secret misappropriation lawsuit in the Southern District of New York on behalf of Hedgeye Risk Management, an independent investment research and online financial media firm.
The defendants are Nadine Terman, founder and CEO of hedge fund Solstein Capital and a regular television business news contributor, together with Solstein Capital itself.
The complaint alleges that Terman and Solstein conspired with investor Steven Lamar and a disgruntled former Hedgeye managing director, Darius Dale, themselves defendants in a related lawsuit Venable filed on behalf of Hedgeye last year in the same court, to ‘acquire’ Hedgeye trade secrets and launch a rival business.