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Hedge Fund Founder Wins £1.6 Million After Ex-Employee’s Abusive Discrimination Case

Legal & LitigationManagement & Governance

A London judge ruled that discrimination and harassment claims against hedge fund founder Davide Leone were vexatious and had no reasonable prospect of success. Jacopo Moretti was ordered to pay more than £1.6 million ($2.1 million) to his former boss. The ruling is a reputational win for Leone but a costly legal setback for Moretti.

Analysis

A London judge ruled that discrimination and harassment claims against hedge fund founder Davide Leone were vexatious and had no reasonable prospect of success. Jacopo Moretti was ordered to pay more than £1.6 million ($2.1 million) to his former boss. The ruling is a reputational win for Leone but a costly legal setback for Moretti.

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