In January 2009, two portfolio managers formerly employed by Touradji Capital Management, LP, a hedge fund manager with approximately $3.5 billion under management (Touradji Capital or the Fund), sued the Fund and its principal and founder, Paul Touradji (Touradji), alleging several causes of action based on the defendants’ alleged failure to pay tens of millions of dollars of compensation to them over their tenure at Touradji Capital.  The defendants moved to dismiss the complaint for failure to state a cause of action.  The New York State Supreme Court allowed plaintiffs’ claims for breach of contract and intentional infliction of emotional distress to proceed, but dismissed all other claims.  We describe the factual background and the court’s legal analysis.