Ingham ex rel. Cobalt Asset Management, L.P. v. Thompson
Appellate Division of the Supreme Court of the State of New York
1Opinion of the Court
*608Plaintiff, a limited partner in Cobalt Asset Management, L.P (CAM), alleged that Wellington aided and abetted defendant Thompson’s alleged breach of his fiduciary duties to CAM, and was thereby unjustly enriched. Thompson was a general partner of CAM when he entered into two agreements with Wellington in April 1995. In the assignment agreement, Wellington agreed to pay CAM $35,000 for, among other things, the right, title and interest in the investment management agreements governing 38 client accounts managed up to that time by CAM. In the executive services agreement, Wellington agreed to…
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