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From left: Michael Stolper, Claudia Varner, Robert Vollero, Gentry Beach, David Greenberger and Robert Seiden. Courtesy photo.

After more than 10 years of litigation, some 60 depositions, 11 counterclaims, around 900 docket entries and a three-week trial, a jury decided that a Manhattan hedge fund must pay two former portfolio managers $46 million for breaching verbal compensation agreements made in the days when hedge funds flew high.

The jury’s awards—$21.4 million to former Touradji Capital Management portfolio manager Gentry Beach and $24.3 million to former Touradji portfolio manager Robert Vollero Jr.—will balloon to a nearly $91 million total payout because of 9% yearly interest to be added to compensation that was earned from 2005 to 2008.

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Jason Grant

Jason Grant is a staff writer covering legal stories and cases for the New York Law Journal, the National Law Journal and Law.com, and a former practicing attorney. He's written and reported previously for the New York Times, the Star-Ledger, the L.A. Times and other publications. Contact him at [email protected] On Twitter, pls find him @JasonBarrGrant

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