Hedge Fund Founder Pearl Is Cleared of N.Y. Assault Charges
(Bloomberg) -- Assault charges against Hickory Lane Capital Management founder Joshua Pearl were dropped by New York prosecutors after they said they didn’t have enough evidence to prove the case beyond a reasonable doubt.
Pearl, 40 was arrested last month and charged with assault after a June 2 incident in lower Manhattan involving a 36-year-old woman, according to police. The charges against him were dismissed after a brief court appearance in Manhattan on Monday. The case was sealed and a protective order vacated.
Court records show that Pearl was charged with misdemeanors including assault with intent to cause physical injury and aggravated harassment.
Read More: Hedge Fund Manager Charged With Assault in Matrimonial Dispute
“We thank the district attorney for so quickly dismissing charges that were so clearly false,” Pearl’s attorney, Robert Gottlieb, said in a statement. After last month’s arrest Gottlieb said the charges were “manufactured, baseless allegations made as part of an unfortunate matrimonial dispute.”
Randi Isaacs, a lawyer for Pearl’s wife, said “in the interests of the parties and their young children the matter is being handled privately.” Isaacs also said that “the terms of a private agreement” between the parties and their counsel “prevent me from responding to Mr. Gottlieb’s comment.”
A spokesperson for Manhattan District Attorney Cyrus Vance Jr. didn’t immediately respond to requests for comment on the dropping of the charges.
Hickory Lane is an equity hedge fund that Pearl, a former Brahman Capital partner, started last July. It focuses on the technology, media and telecommunications, industrial and consumer sectors, as well as in special situations.
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