Davide Leone, founder of Davide Leone & Partners (DLP), successfully defended against multiple allegations of bullying, victimization, and discrimination brought by former senior director Jacopo Moretti at the Central London Employment Tribunal.
The court found that Moretti’s dismissal was linked to prolonged ill health, not discrimination — though it ruled the termination procedurally unfair due to an unspecific disciplinary letter. Moretti was awarded £1,286, reduced by half for prior misconduct.
🔍 Key Findings:
- Tribunal rejected all harassment, whistleblowing, and discrimination claims (including race, religion, and disability).
- Leone’s language in secretly recorded conversations was deemed “wholly inappropriate, misogynistic, and discriminatory,” though not decisive in the ruling.
- Moretti was ordered to pay £49,000 toward translation and transcription costs for 72 hours of covert recordings.
- The judge noted elements of bad faith and intent to cause reputational damage on Moretti’s part.
DLP stated that the ruling affirmed its independent internal investigation was fair and impartial. The case, offering a rare look into the opaque world of hedge funds, may still be subject to appeal.