United States

Judge orders retrial in case against ruthless hedge fund manager

A contentious court battle that painted a former high-flying hedge fund manager as so savage toward his underlings that one of them filed a police report against him has been sent back to the drawing board. On Tuesday, a New York state appeals court ordered a retrial in the civil case against Paul Touradji, the notoriously brash founder of Touradji Capital Management, who has been accused of stiffing two former staffers out of millions. Tuesday’s ruling vacates a $90 million judgment Touradji had been ordered to pay the two former staffers — Gentry Beach and Robert Vollero — following a two-week trial last spring. And it means Touradji, who once managed billions, could be ordered to sit through a second rehashing of his alleged ...