Suit against Ivory heads to court

Mon Jun 2, 2008

A lawsuit brought by a former employee of Curtis Macnguyen's $4 billion Ivory Investment Management is close to reaching the courtroom. A jury in the Southern District Court in New York will decide the case, which pits Christopher Fox against Macnguyen and his firm in a contract dispute for which Fox is demanding $10 million in compensation and damages. The trial date has not been set, but full submission of discovery documents is required by July 1.

Curtis Macnguyen

In his original complaint, filed in November 2006, Fox claims that in July 2004, he agreed to join Ivory, then part of the FrontPoint Partners platform, as a co-partner. Fox would then have been entitled, over time, to a 50% stake in the...

ISSN: 2151-1845 / CDC10004H

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