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GlobeNewswire·

Parties in the Matter of Athene Holding Ltd v Imran Siddiqui Announce Settlement

  • Athene Holding Ltd & Imran Siddiqui have resolved the 2018 legal proceedings commenced by Athene against Siddiqui & Caldera Holdings Limited in the Supreme Court of Bermuda.
  • The settlement terms remain confidential.
  • Siddiqui acknowledged that he sent & received documents containing confidential Athene information in 2016 & 2017 while establishing his competitive company, Caldera.
  • Siddiqui admitted to breaching fiduciary duties owed to Athene, noting he should have known his actions were a violation at the time.
  • Both parties will not issue further comments on the matter.