Michael Bolton Spawn To Attack Pirate Ship
Michael Bolton offspring Holly Bolotin is allegedly suing Pirate Capital founder Tom Hudson. Longtime DealBreaker readers know that Bolton's daughters Holly and Isa were employed, in a variety of capacities (investor relations, stock picker, fluffer), by the hedge fund for a year or so.
In December, Isa left for Silver Point Capital in Greenwich, and Holly was presumed to have been made redundant by Hudson's new girlfriend sometime in February. Apparently Holly took issue with her firing.
Enter the suit.
This is deeply saddening, for several reasons. 1. The incurred legal fees could be the final nail in the coffin for Pirate, which previously managed almost $2 billion, and is now at (ballparking it) 14 large and 2. If the scions of Michael Bolton can't put on a soft rock ballad and get along, there's really little to no hope for the rest of us.
Dealbreaker - http://dealbreaker.com/
More information Isa at Silver Point Capital In Greenwich:
What The Seed Of Michael Bolton Hath (Possibly) Wrought
More information on Thomas at Pirate Capital
Thomas R. Hudson, Jr.founder and sole managing partner; formerly managed a portfolio of distressed bank debt at Goldman Sachs. Mr Hudson was fired from Goldman Sachs in 1999 and from Amroc Investments in 2001.
Staff Walks the Plank at Listing Pirate Capital
Mutiny at Pirate Capital Roils Hudson After Worst Year Ever
http://nymag.com/nymetro/news/bizfinance/finance/features/10426/index.html
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