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Citadel Securities seeks over $7.9 million from former employee who founded crypto company
Citadel Securities alleges that Leonard Lancia and his colleagues began planning their startup while still employed, and won damages and litigation cost support in related labor arbitration proceedings. Additionally, Citadel Securities also filed a lawsuit against Portofino Technologies in the United States in 2023, accusing it of stealing trade secrets. Leonard Lancia and Portofino Technologies have denied all allegations. The High Court of London rejected Leonard Lancia's request to lift the asset freeze order last Friday. (Bloomberg)