Bloomberg – Dow Kim, a former Merrill Lynch & Co. head of trading and investment banking, was sued over $2 million in compensation claimed against the Diamond Lake Investment Group hedge fund venture that he started and dropped.
Namuk Cho, who previously worked as the head of U.S. derivatives trading at UBS AG (UBSN), said Kim promised him $2 million in compensation for his services in 2007, according to the suit filed April 25 in New York state Supreme Court. He said he was terminated in May 2008, days after demanding the money.
