Fired Saracen trader demands $30m

Tue Aug 26, 2008

A lawsuit filed by Thomas Houston, a former trader at Saracen Energy Advisors, alleges that he was unfairly fired by the hedge fund shop following massive losses, for which they blamed him. He says Saracen has since avoided paying him millions in deferred compensation for profits he earned in previous years.

According to his May 14 complaint,...

ISSN: 2151-1845 / CDC10004H

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