The former head of Brookfield Asset Management’s venture capital arm accused the firm of wrongfully firing him after he refused to lie to investors.
Josh Raffaelli on Thursday sued Brookfield, which manages more than $1 trillion, in California state court, claiming his former employer offered him nearly $46 million to help sell a plan that would “benefit their bottom line at the expense of their investors.”
Bloomberg News reported in February that Brookfield quietly shuttered the arm led by Raffaelli and was in the process of moving some its assets and staff to an entity called Pinegrove Capital. According ...
