We all know things can sometimes get ugly when partners leave law firms to join competitors or start their own shops (cough, Selendy & Gay). Turns out, they play even rougher in the world of private equity.

A recent arbitration decision shines a light on what Bloomberg has called a “Wall Street blood feud”— when senior partner Imran Siddiqui left industry giant Apollo Global Management in mid-2017 to launch competitor Caldera Holdings Ltd.

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