Wellspring CEO Takes Leave After Son Accused of Rape in Lawsuit

Wellspring Capital Management LLC Chief Executive Officer Bill Dawson has taken a leave of absence, days after a former employee alleged in a lawsuit that he threatened her for accusing his son of sexual assault.

“We are taking this matter very seriously, and have launched an immediate internal investigation,” Jeffrey Gould, Wellspring’s head of marketing and investor relations, told investors last week in a note seen by Bloomberg News. An outside law firm will assist with the probe “to determine the validity of these reports, which allege behavior that is not only shocking but completely inconsistent with our corporate ...