Ex-Allianz Fund Manager Asks Judge to Dismiss Fraud Charges (2)

The former Allianz SE hedge fund manager charged with fraud over billions of dollars in investor losses asked a judge to throw out the case, claiming lawyers wrongly betrayed him to protect the company.

Gregoire Tournant claims in a Monday filing in federal court in Manhattan that lawyers at Sullivan & Cromwell who initially represented both him and Allianz misused their client relationship with him, gaining information they used to push the government to focus on him instead of the company.

Tournant was chief investment officer and co-lead portfolio manager of a US-based group of Allianz hedge funds that collapsed. ...