An ex-DE Shaw executive has asked New York’s highest court to review work contracts at the wildly profitable hedge fund — claiming that they are being used to “silence” employees about alleged wrongdoing after they leave the firm.

Dan Michalow — who won a $52 million arbitration judgement in 2022 after he sued the firm for defamation following his headline-grabbing exit in 2018 — has asked the state Court of Appeals to take a closer look at the “release-for-pay’ language in DE Shaw’s employment contracts, claiming it effectively stops staffers from suing over any alleged discrimination, harassment, and retaliation.

“The scheme is designed to give DE Shaw’s senior executives a virtual get-out-of-jail free card so that they can harm employees and get away with it,” 43-year-old Michalow tol

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