Reported 1 day ago
Louis Bacon's Moore Charitable Foundation and PJT Partners have settled a lawsuit concerning a $25 million fraud allegedly committed by Andrew Caspersen, a former managing director at PJT. The lawsuit stemmed from accusations that PJT failed to supervise Caspersen, who pleaded guilty to stealing over $38 million from various sources. The case was voluntarily dismissed by the parties involved, with terms of the settlement undisclosed.
Source: YAHOO