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Telluride v. Falkenstein

Legal motions, hearings transcripts.

Initial threat by Peter Hajas on March 19, 2007:

“anything you invented since September 1, 2006 that relates to the profitability, accruals, volatility and capital issuance of equities cannot be anything but derivative of your work for Telluride...Whatever you "developed outside [your] employment to Telluride" belongs to Telluride because it relates to Telluride's "actual or demonstrably anticipated research and development" and it is the result of the "work perfromed" by your for Telluride...There is simply no way that you can erase from your mind what you did for Telluride...you cannot return to the public domain with all the specifics and knowledge of the models and trading strategies that you made, conceived and developed at Telluride and then find a "new" way of accomplishing the same thing.  The result is nothing more than a strategically economic equivalent."... return Telluride's property immediately...If we have not heard from you by the end of the day tomorrow, Telluride will be filing suit seeking injunctive relief and damages"

And, per 'mean-variance optimization', which I admitted using after Telluride, Hajas made the following assertion:

"The fact that 'mean-variance' in and of its self is a well-know concept that is in the public domain does not change the fact that Telluride told you to add it to a specific model involving profits and accruals of equities. That fact is not generally know or readily ascertainable by proper means"

ie, never shall you apply mean variance optimization again, or pay hundreds of thousands of dollars to do so.

Lawer for Falkenstein: "because of the broad, vague, allegations that are set forth, he can't do anything.  Basically, he is on the sidelines until this is done"
The Court: "Doesn't he golf?"
{laughter in courtroom.}
get it? This is really funny! Right to work? Sure, on your backswing! Rim-shot.