(Reuters) - NEW YORK, June 19 - U.S. hedge fund Renaissance
Technologies Corp. settled a long-running lawsuit that accused
Millennium Partners LP, another fund, of expropriating its
quantitative trading strategies, the firms said on Tuesday.
Renaissance, which has strict rules that bar former
employees from using intellectual property at rival firms, sued
Millennium in December 2003 in New York state court after two
of its employees, Pavel Volfbeyn and Alexander Belopolsky left
to join Millennium.
Read more at Reuters.com Mergers News
Technologies Corp. settled a long-running lawsuit that accused
Millennium Partners LP, another fund, of expropriating its
quantitative trading strategies, the firms said on Tuesday.
Renaissance, which has strict rules that bar former
employees from using intellectual property at rival firms, sued
Millennium in December 2003 in New York state court after two
of its employees, Pavel Volfbeyn and Alexander Belopolsky left
to join Millennium.
Read more at Reuters.com Mergers News
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