Attorneys at Alston & Bird on Wednesday removed a lawsuit alleging fraud and breach of contract against Vident Financial and other defendants to California Northern District Court. The complaint was filed by Le Clerc & Le Clerc on behalf of Shirish Malekar, a former Vident employee who subsequently acquired non-party WeatherStorm Capital, a 'sub-advisor' along with Vident Investment Advisory to Vident Financial. Malekar contends that the defendants 'cheated' him out of $30 million dollars, his estimated membership interest in Vident Investment Advisory. The case is 3:22-cv-06187, Malekar v. Birley et al.

This suit was surfaced by Law.com Radar, a source for high-speed legal news and litigation updates personalized to your practice. Law.com Radar publishes daily updates on just-filed federal cases like this one. Click here to get started and be first to know about new suits in your region, practice area or client sector.

Read the complaint here: