Jane Avenue Group sued Millennium Administration and two former merchants over their alleged theft of a extremely confidential and “immensely worthwhile” proprietary buying and selling technique.

In a grievance filed Friday in federal courtroom in Manhattan, Jane Avenue stated former merchants Douglas Schadewald and Daniel Spottiswood, who resigned earlier this 12 months to affix Millennium, had been “intimately concerned” within the growth of the technique. In accordance with the swimsuit, they’re now utilizing it at Izzy Englander’s hedge fund group in violation of confidentiality agreements.

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