Lido Advisors, LLC today announces a settlement with a former senior investment advisor of Lido, and a SEC-registered investment adviser concerning the circumstances surrounding the senior investment advisor’s departure from Lido in 2024.
Lido began initiating multiple actions against the employee, SEC-registered investment adviser, and certain executives of that SEC-registered investment adviser alleging multiple causes of action, among them breach of the former employee’s employment agreement.
In exchange for a confidential, substantial sum from, and other non-monetary terms by, the former employee and the SEC-registered investment adviser, Lido has agreed to dismiss its claims.
“Lido takes compliance with its agreements very seriously and will vigorously take any and all appropriate action in court against those who infringe on our rights and improperly interfere with our relationships,” stated Jason Ozur, Lido’s Chief Executive Officer. “Today’s settlement reflects a satisfactory outcome of our efforts to enforce our rights.”
