Hg Sued by Ex-Director in £10 Million Equal Pay Lawsuit

An ex-director sued Hg for £10 million ($13.8 million) in an equal pay claim as part of a bitter London employment suit that’s offered a rare glimpse into the inner workings of one of the largest tech focused private equity firms.

Elizabeth Wallace, the former head of portfolio talent at Hg, claims she was paid less than her male colleagues on the team. She said she had to forfeit as much as £700,000 in carried interest owed to her due to an Hg policy that treats staff as bad leavers if they begin an employment dispute. The case is currently being considered by tribunal judges.