Ex-Capula Compliance Head Refiles Improper Expense Allegations

A former US compliance head at hedge fund Capula Investment Management refiled a wrongful termination lawsuit, alleging retaliation for reporting improper expenses and trading activity. The case was initially dismissed on jurisdictional grounds. The plaintiff, Igor Abramov, first sued in November 2025 in Manhattan federal court but withdrew after a dismissal last month. The refiled complaint was submitted Monday in New York state court. Abramov claims Capula fired him for raising internal concerns about financial misconduct, including questionable expense practices and trading irregularities. The firm has not publicly responded. The lawsuit follows a pattern of whistleblower cases in finance, highlighting compliance risks at hedge funds. Capula, based in London, manages billions in assets. This refiling shifts the legal battle to state court, where Abramov may face different procedural hurdles. The case could set precedents for whistleblower protections in asset management.