777 Partners lawsuit: former IT employee stole laptops for lender
September 24, 2024 by John Hilton
777 Partners, the high-profile investment firm at the center of a swirling controversy over missing funds, hit back with its own lawsuit last week.
The Miami-based firm is suing a former lender, claiming that Leadenhall Capital, a prominent London-based asset management firm, hired a former 777 Partners tech employee to gain access to proprietary information.
Leadenhall is suing 777, claiming that the firm fraudulently borrowed hundreds of millions of dollars against assets that either don’t exist, or were already pledged to other lenders.
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