Federal District Court Dismisses Suit Brought By Provider of Financial Services Software Against Two Officers of Hedge Fund Manager for Absence of Personal Jurisdiction

On May 19, 2009, the United States District Court for the District of Connecticut dismissed a breach of contract lawsuit brought by LucidRisk, LLC, a provider of financial services software, against Keith Ogden and Peter Gerhard, two officers of hedge fund management company East Avenue Capital Partners Management Company LLC (East Avenue), a Delaware company, for lack of personal jurisdiction.  The case offers insights relevant to the scope of personal jurisdiction in the hedge fund context, as well as legal claims that arise in connection with technology used by hedge fund managers to measure risk and similar software.

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