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Story summary
- The London court ordered Michael Lerch to pay Robert Gagliardi (Evolution Capital Management) a £4.5 million bonus plus interest after ruling the payment was unlawfully withheld.
- Gagliardi generated 97% of Evolution Capital Management's profits in 2022.
- He was denied the bonus due to Lerch's market-abuse probe concerns.
- The judge criticized Lerch's actions as irrational and dismissed his counterclaims as unsupported.
- The court found Gagliardi was consistently praised for his performance.
