Binary Capital wants to move ex-employee lawsuit to arbitration

Binary Capital website

Binary Capital is pushing back on a lawsuit filed in June by a former employee, seeking to move some of the claims into private arbitration, according to court documents filed on Friday.

Memory refresh: After allegations of sexual harassment surfaced against Binary Capital co-founder Justin Caldbeck, former employee Ann Lai filed suit against the firm. She claimed that Binary Capital threatened her ability to find work if she discussed her work experiences, and made disparaging statements about her to prospective employers.

  • Defense: In Friday's documents, Binary argues that Lai's increasingly poor work performance ultimately led to her resignation, not the sexism she claims she experienced.
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