Reported about 1 month ago
Illiquidx Ltd. is suing hedge fund Altana Wealth Ltd. for allegedly misappropriating trade secrets to establish a profitable fund after a failed joint venture. The legal dispute, taking place in London's High Court, revolves around claims that Altana used confidential information shared during their partnership to create a fund investing in Venezuelan sovereign debt. While Illiquidx contends they provided unique insights vital to the venture, Altana denies any wrongdoing, asserting that the information was general and public knowledge. The case highlights the broader issues of secrecy and competitive practices in the financial industry.
Source: YAHOO