Hedge Fund Hits Back In $100M Citadel Trade Secrets Dispute

Law360, London (March 20, 2020, 7:46 PM GMT) -- A London-based hedge fund has accused Citadel Securities (Europe) Ltd. of being "hypocritical" as it hit back at High Court claims that the fund stole data while attempting to hire a trader from the market maker.

GSA Capital Partners asserts that information produced by a Citadel senior manager and quantitative researcher during a recruitment process were standard tests to asses a candidate's technical ability and experience and did not amount to "trade secrets," according to documents recently made available.

"Citadel's claim is not only misconceived; it is hypocritical and inconsistent with its approach to competitive recruitment, which it holds out as...

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