仲裁人が元Post Advisory Group従業員らの主張認める

AsiaNet 74596 （1334）

【ロサンゼルス2018年7月31日PR Newswire＝共同通信JBN】仲裁人は元従業員のジェレミー・サギ（Jeremy Sagi）、サニジェ・ペレット（Sanije Perrett）両氏に対するプリンシパル・ファイナンシャル・グループ（Principal Financial Group）（NASDAQ: PFG）子会社Post Advisory Groupの訴えのすべてに関して従業員側の主張を認め、ローレンス・ポスト（Lawrence Post）氏に対しても競業禁止に関する主張を除くすべての訴えを退ける裁定を下した。訴状に当初、相手方として指名されていた元従業員らの資産運用会社Arena Capital Advisorsは提訴の数カ月後に取り下げられ、その後は当案件の当事者ではない。

Post Advisory Groupは当案件で5000万ドル近くの損害賠償を求めていた。仲裁人はこの主張を退け、ポスト氏に対しては、友人の一部が資産をArenaに移したとの理由で250万ドルの賠償を課した。ポスト氏はPost Advisory Groupの弁護士費用・法定費用の一部を支払い、Post Advisory Groupはサギ、ペレッティ両氏の弁護士・法定費用の一部を支払う必要がある。元従業員らの弁護士・法定費用は保険会社が全額を払い戻すとみられる。

仲裁人はPost Advisory Groupの申し立てを却下し、どの元従業員もフィデュシャリーデューティー（受託者義務）に違反せず、秘密情報や企業秘密を悪用せず、いかなる規則にも違反していないと認定した。ポスト氏については、同氏が2011年の雇用契約で失効したと思っていた2003年の契約の競業禁止条項に違反したと裁定した。

Arenaは一級の短期高収益投資専門会社である。Arenaは短期高収益領域が公開社債市場で最良のリスク・リワード機会を提供すると考えている。ArenaはeVestmentで競争者をかなり上回る短期高収益領域（4年前の開始から2018年6月まで）の上位2者にランクされる投資戦略を持ち、全体的な高収益市場の上位10社に入った。そのArena Short Duration High Yield Strategyの3年間（2018年6月30日まで）の年率換算総合純収益は6.86%、Arena Strategic Short Duration High Yield Strategyは同8.69%だった（注）。Arenaの運用資産は10億ドルを上回り、増え続けている。

（注）有価証券投資は損失のリスクを伴う。過去の実績は将来の実績の保証ではない。収益は全収入の再投資を含む。純運用実績は管理手数料・費用と実績配分（該当する場合）を差し引いたもの。

ソース：Arena Capital Advisors

▽問い合わせ先

Jeremy Sagi

Arena Capital Advisors

+1 (310) 806-6700

www.arenaca.com

Arbitrator Vindicates Former Post Advisory Group Employees

PR74596

LOS ANGELES, July 31, 2018 /PRNewswire=KYODO JBN/ --

An arbitrator ruled against Post Advisory Group, a subsidiary of Principal

Financial Group (NASDAQ: PFG), on all causes of action brought against former

employees Jeremy Sagi and Sanije Perrett, vindicating them completely, and on

all causes of action brought against Lawrence Post, except claims relating to a

non-compete. Arena Capital Advisors, the former employees' asset management

firm which was originally named in the complaint, was dismissed a few months

after the filing and was not a party to the case thereafter.

Post Advisory Group sought nearly $50 million in alleged damages in the case.

The arbitrator rejected that claim and awarded just $2.5 million against Mr.

Post, based on the theory that some of his friends followed his assets to

Arena. Mr. Post has to pay some of Post Advisory Group's legal fees and costs

and Post Advisory Group has to pay some of Mr. Sagi and Ms. Perrett's legal

fees and costs. The former employees fully expect their insurer to reimburse

them for their attorneys' fees and costs.

Rejecting the allegations made by Post Advisory Group, the arbitrator found

that none of the former employees breached any fiduciary duty, misappropriated

any confidential information or trade secrets nor violated any statutes. He

decided that Mr. Post breached a non-compete clause from a 2003 contract that

Mr. Post believed had been extinguished by his 2011 employment contract.   

Arena is a premier short duration high yield investment boutique. Arena

believes the short duration high yield universe provides the best risk/reward

opportunity in the public corporate debt market. Arena has the top two ranked

investment strategies in eVestment for the short duration high yield universe

(from inception four years ago to June 2018) significantly outperforming its

competitors and  has ranked in the top decile of the overall high yield market.

The annualized three year (ending 6/30/18) composite net returns for its Arena

Short Duration High Yield Strategy were 6.86% and for its Arena Strategic Short

Duration High Yield Strategy were 8.69%*. Arena's assets under management are

over $1 billion and growing.

*Investments in securities involve the risk of loss. Past performance is not a

guarantee of future performance. Returns include the reinvestment of all

income. Net performance is reduced by management fees and expenses and

performance allocations (where applicable).

SOURCE  Arena Capital Advisors

CONTACT: Jeremy Sagi, Arena Capital Advisors, +1 (310) 806-6700, www.arenaca.com