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Murray, who stepped down as co-CEO earlier this year, said in
the suit that the circumstances surrounding her departure had
given rise to substantial claims by her against Bridgewater
based on gender discrimination, unequal pay and breach of
contract.
Murray had informed the Financial Industry Regulatory Authority
(FINRA), a self-regulatory agency that she now chairs, of the
dispute with Bridgewater, which is the world's largest hedge
fund. In response, Bridgewater told Murray on July 14 in writing
that her public disclosures of her dispute with the firm would
result in a forfeiture of her deferred compensation, according
to the complaint.
According to the lawsuit, which was filed in federal court in
Connecticut, the withheld compensation is estimated to be in the
range of $20 million to $100 million, due over the course of the
next decade.
In the suit, Murray, who was one of the highest-ranking female
executives in the industry as co-CEO of the hedge fund, called
Bridgewater's attempt to withhold the deferred pay an "improper
gambit to silence her voice" and "part of a cynical plan to
intimidate and silence her."
The hedge fund said it had no immediate comment on the lawsuit.
Murray, 62, joined the hedge fund, founded by billionaire Ray
Dalio, in 2009 and became co-CEO in 2011.
(Reporting by Bhargav Acharya and Kanishka Singh in Bengaluru;
Editing by Leslie Adler)
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