ZEISLER Secures Dismissal of Trade Secret Misappropriation Claims

ZEISLER PLLC and its attorneys Aaron Zeisler, Meghan Sullivan and Sumana Wolf recently secured the dismissal of all trade secret misappropriation, breach of contract and unfair competition claims in an arbitration in New York brought by Bridgewater Associates against two former employees four years after they left Bridgewater.  The arbitration panel’s Final Award (i.e., decision) “conclude[d] [Bridgewater] filed its claims in reckless disregard of its own internal records, and in order to support its allegations of access to trade secrets, manufactured false evidence” and ordered Bridgewater to pay $2 million in attorneys’ fees and costs for having brought its misappropriation claims in bad faith.  See the Final Award

WSJ, July 13, 2020 (Bridgewater Loses Claims It Brought Against Ex-Employees Who Launched Hedge Fund)

Bloomberg, July 13, 2020 (Bridgewater Loses Trade Secret Case Against Former Employees)

Financial Times, July 13, 2020 (Bridgewater ‘manufactured false evidence’ in trade secrets case)

Dealbreaker, July 14, 2020 (Arbitrators Rule Bridgewater Had Something To Fear From The Truth, And So Made Stuff Up)

Reuters, July 16, 2020 (Rejected Bridgewater trade secrets claim started as a guess: ruling)