Jane Street Group LLC has filed a lawsuit against Millennium Management LLC and two former employees in New York federal court, accusing them of stealing a confidential trading strategy related to options trading in India. The lawsuit alleges that the defendants have made massive profits from this theft. Meanwhile, the two accused former traders of Jane Street have denied these allegations. Additionally, Jane Street's requests to seal the courtroom and for a temporary restraining order (TRO) were denied.
The allegedly secret trading strategy over which Jane Street is suing two former traders and Millennium Management involves options trading in India, lawyers inadvertently revealed at a court hearing. https://t.co/BhiohCsri3
The allegedly secret trading strategy over which Jane Street is suing two former traders and Millennium Management involves options trading in India, lawyers inadvertently revealed at a court hearing. https://t.co/plLgQwOiAi
TRO - and Court Sealing - Denied: As Jane Street Sues Millennium Its Request to Seal Courtroom then Request for TRO Denied - Inner City Press story: https://t.co/RCSMiNDWQx https://t.co/spMxFQxILv
Two former Jane Street traders denied the firm’s allegation that they stole a confidential and “immensely valuable” proprietary trading strategy to use in their new jobs at Millennium https://t.co/Lu8O5JjBdj
Jane Street is suing 2 of its former employees and Millennium because those 2 employees stole secrets and took them to Millennium https://t.co/0XGAAdFf1p
Trading firm Jane Street Group LLC sued rival Millennium Management LLC and two former employees in New York federal court, alleging they stole a confidential trading strategy and have reaped "massive profits from this theft." https://t.co/j81EqzB9SU
Millennium Management, one of the world’s largest hedge fund firms, was sued on Friday by rival Jane Street Group, which accused it of stealing a valuable in-house trading strategy after two traders defected.