By Bhargav Acharya and Kanishka Singh
(Reuters) – Bridgewater Associates former co-Chief Government Officer Eileen Murray filed a lawsuit in opposition to the hedge fund on Friday, saying it’s withholding as much as $100 million in deferred compensation as a result of she publicly disclosed her gender discrimination dispute with the agency.
Murray, who stepped down as co-CEO earlier this yr, mentioned within the swimsuit that the circumstances surrounding her departure had given rise to substantial claims by her in opposition to Bridgewater based mostly on gender discrimination, unequal pay and breach of contract.
Murray had knowledgeable the Monetary Business Regulatory Authority (FINRA), a self-regulatory company that she now chairs, of the dispute with Bridgewater, which is the world’s largest hedge fund. In response, Bridgewater informed Murray on July 14 in writing that her public disclosures of her dispute with the agency would lead to a forfeiture of her deferred compensation, in response to the grievance.
In line with the lawsuit, which was filed in federal court docket in Connecticut, the withheld compensation is estimated to be within the vary of $20 million to $100 million, due over the course of the following decade.
Within the swimsuit, Murray, who was one of many highest-ranking feminine executives within the trade as co-CEO of the hedge fund, referred to as Bridgewater’s try to withhold the deferred pay an “improper gambit to silence her voice” and “a part of a cynical plan to intimidate and silence her.”
The hedge fund mentioned it had no instant touch upon the lawsuit.
Murray, 62, joined the hedge fund, based by billionaire Ray Dalio, in 2009 and have become co-CEO in 2011.
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