Ex-Old Park Capital Exec Denies Duty Breach To Defunct Fund

By Bonnie Eslinger (September 13, 2021, 2:00 PM BST) -- The former chief operating officer of a London-based asset management firm has denied claims in a $6.7 million lawsuit from a defunct futures fund that he approved allegedly unauthorized high-risk investments, saying he was not responsible for investment trading decisions.

The defense filed on Thursday at the High Court by Hugo van Kuffeler, former chief executive officer of Old Park Capital Ltd., states that he was aware of the investments at issue but not involved in the details.

"It is further denied, to the extent alleged, that he should have been so involved," the defense says.

The claimant — Old Park...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!