Hound Partners, which got started in 2004 through a $23 million seed investment from Julian Robertson's Tiger Management, has filed suit against Tiger, accusing it of not living up to what it describes as essentially a marketing agreement. In return, Tiger Management has countersued, arguing that Jonathan Auerbach is "trying to renege" on the two firms' revenue-sharing agreement "just two years following Mr. Robertson's death." The information comes from court filings which detail a heated lawsuit between Tiger Management and hound Partners.
Tiger Management lawsuit: Countersuit
In its complaint, Tiger accused Hound Partners of "setting the stage" to get out of the contract as Robertson "reached his late 80s."
The firm also states that Auerbach "began executing on this plan" following Robertson's death...
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