Word: haye
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...Forum Financial Group, a Portland, Maine-based financial services firm, filed suit in October 2000, claiming that Professor of Economics Andrei N. Shleifer ’82 and former Harvard employee Jonathan Hay conspired to defraud Forum and its owner of the profits from their Russian capital market ventures...
Shleifer and Hay ran the Harvard Institute of International Development’s economic advising program in Russia. The program was paid for by $50 million in U.S. government funds and helped orchestrate the privatization of Russia’s economy...
...suit alleges that Hay and Shleifer used their influence to secure for Forum the rights to Russia’s first mutual fund, and then forced its owner, John Y. Keffer, to sell his interest in the fund...
Forum and Keffer request punitive and compensatory damages against Shleifer, Hay and Harvard, which they say has “vicarious liability” and was negligent in the oversight of its employees...
Lawyers for Shleifer, Hay and Forum could not be reached for comment...