Private equity firm awarded penalties against two former employees over mishandling documents and other violations

Reporter, WSJ Pro

Two former Apollo Global Management employees who became competitors of the firm have been ordered to pay damages for mishandling documents and other violations.

An arbitrator ordered former Apollo partner Imran Siddiqui to pay the firm $75,000 in damages and penalised him a further $150,000 for not destroying or returning some of the firm’s confidential documents after he had agreed to do so, among other claims.

Ex-Apollo managers fined more than $1m for ‘disloyal’ actions

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