Key Takeaways
- • A New York state judge ruled on Wednesday that Marshall Wace executives Anthony Clake and Alan Hofmeyr are covered by a Citadel subpoena, according to Bloomberg.
- • Justice Andrea Masley also ordered Marshall Wace to broaden its search for documents related to its hiring of Shatz.
- • The dispute centers on Marshall Wace's recruitment of former Citadel portfolio manager Daniel Shatz as global credit head.
- • The ruling gives Citadel access to communications of two of Marshall Wace's most senior executives in the ongoing litigation.
Summary
Citadel has won access to the communications of two of Marshall Wace's most senior executives as part of its legal fight with the British hedge fund over the recruitment of former Citadel portfolio manager Daniel Shatz, who was hired as Marshall Wace's global credit head, according to Bloomberg.
A New York state judge ruled on Wednesday that Marshall Wace executives Anthony Clake and Alan Hofmeyr are covered by a Citadel subpoena. Justice Andrea Masley also ordered Marshall Wace to broaden its search for documents related to its hiring of Shatz. The ruling expands the scope of discovery in the case, requiring the firm to produce a wider set of records tied to the hire.
The article's primary coverage is limited to these court developments. Additional details on the claims underlying the litigation, the timing of further proceedings, and any response from Marshall Wace were not available in the source material reviewed.
A New York state judge ruled on Wednesday that Marshall Wace executives Anthony Clake and Alan Hofmeyr are covered by a Citadel subpoena. Justice Andrea Masley also ordered Marshall Wace to broaden its search for documents related to its hiring of Shatz. The ruling expands the scope of discovery in the case, requiring the firm to produce a wider set of records tied to the hire.
The article's primary coverage is limited to these court developments. Additional details on the claims underlying the litigation, the timing of further proceedings, and any response from Marshall Wace were not available in the source material reviewed.
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