On December 30, 2009, William Seibold, an investor in hedge fund Camulos Partners LP, and an equity interest holder in hedge fund manager Camulos Capital LP and fund general partner Camulos Partners GP LLC, sued Camulos entities and controlling individuals for over $67 million in the Delaware Chancery Court.  His complaint alleged that the defendants, through a “calculated scheme and brazen abuse of power,” forced him out of the management partnership and “deprived him of millions of dollars of his investments, compensation and equity.”  See “Co-Founder of Hedge Fund Manager Camulos Partners Sues Other Co-Founder for $67 Million in ‘Unlawfully Seized’ Bonuses and Investments,” Hedge Fund Law Report, Vol. 3, No. 4 (Jan. 27, 2010).  On January 19, 2010, Camulos and its entities struck back with scathing counterclaims against Seibold, alleging that he committed multiple and serious breaches of fiduciary duty and contract, misappropriation of  proprietary information, investor-poaching, and gleaned confidential information from Camulos as he planned to create a competing investment firm.  This article summarizes the primary factual and legal allegations of Camulos’ counterclaims.