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Stock impact report

Louis Bacon, PJT Partners Settle Dispute Over Caspersen Fraud [Yahoo! Finance]

PJT Partners Inc. Class A (PJT) 
Last pjt partners inc. class a earnings: 4/28 06:50 am Check Earnings Report
Company Research Source: Yahoo! Finance
an alleged $25 million theft by Andrew Caspersen, a former managing director at PJT's Park Hill Group. Most Read from Bloomberg Ho Chi Minh City Opens First Metro Line After Years of Delay The Architects Who Built Miami Reviving a Little-Known Modernist Landmark in Buffalo New York's Congestion Pricing Plan Still Faces Legal Hurdles Mexico City to Boost Mobility, Security Ahead of FIFA World Cup Bacon's Moore Charitable Foundation sued PJT in 2017, alleging the boutique investment bank failed to adequately supervise Caspersen. The previous year, Caspersen pleaded guilty to stealing more than $38 million from his employer, investors, family and friends. The case was dismissed on Tuesday following joint notices filed Dec. 19 by Bacon's foundation, PJT and Caspersen stating they were voluntarily ending the case. Terms of the settlement were not disclosed. Lawyers for the foundation and a spokesperson for PJT didn't immediately respond to requests for comment. Caspersen Show less Read more
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