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Newton Glassman and Other People’s Money

Things are not going well for Newton Glassman. In April he was the subject of a lengthy exposé that detailed the many ways his direction of Catalyst Capital Group Inc., a Toronto-based private equity fund with $4.3 billion in capital commitments, and its sister company Callidus Capital Corp. should alarm investors and regulators. Plus, Glassman directed the fund’s plunge into a series of costly and reputation-threatening lawsuits against a host of purported enemies.

November 27, 2018 https://ffj-online.org/2018/11/27/newton-glassman-and-other-peoples-money/

Mr. Boyer’s War

For eight years, Craig Boyer was a senior executive at Callidus Capital, and by the time he quit in 2016 he was its chief underwriter and vice president. But last year Boyer sued Callidus for CA$100,000 in damages, claiming the company had denied him health and other benefits and seeking the return of his stock options.

April 11, 2018 https://ffj-online.org/2018/04/11/mr-boyers-war/