New Jersey, BlackRock Sued for Alleged Discrimination and Theft
- Blueprint Capital says proprietary information was shared
- Suit claims New Jersey discriminated against Black-owned fund
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Asset manager Blueprint Capital Advisors sued New Jersey’s Division of Investment and BlackRock Inc., claiming they stole confidential business information and discriminated against the Black-owned firm.
Blueprint claimed it turned over hundreds of pages of confidential business information, in meetings, emails and conference calls, to the state agency and its outside consultant, Cliffwater LLC, as part of an investment pitch.