Two former employees of commodities hedge fund Touradji Capital Management LP are expected to receive roughly $90 million after winning a decadelong lawsuit against the firm. After less than four hours of deliberation, a Manhattan jury on May 23 found Paul Touradji’s hedge-fund firm owed $45.7 million to Gentry Beach and Robert Vollero. The pair had argued that Mr. Touradji had verbally promised them part of the net profits they made but that he then largely failed to deliver.

Source: Wall Street Journal June 06, 2019 12:33 UTC