In 25 years as a Mutual Fund professional, Troy Statczar never received a single write-up or disciplinary action until he challenged CEO Jason Brady having an affair with a direct subordinate while rapidly promoting her within Thornburg Investment Management, Inc.  After Statczar spoke out, Thornburg and Brady fired him.

On November 12, 2019, we filed Troy Statczar v. Thornburg Investment Management, Inc., Jason Brady, Nimish Bhatt, Dana Jones, and Garrett Thornburg, an action under the New Mexico Human Rights Act (“NMHRA”), in the County of Santa Fe, First Judicial District Court. View the Complaint here.

The case is now on appeal to the New Mexico Court of Appeals.  View the Docketing Statement here. 

Persons with information may reach us via our Contact Form.

Anyone giving truthful testimony is protected by law. NMHRA subsection 7(I)(2) forbids “any form of threats, reprisal or discrimination against any person who has opposed any unlawful discriminatory practice or has filed a complaint, testified or participated in any proceeding under the Human Rights Act.” NMHRA, NMSA § 28-1-7(I)(2).

Below are press links regarding the lawsuit:

Fired Thornburg Exec Alleges ‘Sexual Favoritism’ in Lawsuit
A former managing director at Thornburg Investment Management has sued the firm and several of its executives, including founder Garrett Thornburg, claiming that he was fired in retaliation for reporting a case…
Ex-Employee Sues Santa Fe Firm over Firing
Former account manager at Thornburg Investment Management says he was let go after reporting sexual favoritism by CEO.
Thornburg’s CEO Resigns as the lawsuit goes to trial
Thornburg Investment Management’s President and CEO, Jason Brady, has announced his resignation, effective later this year, after 17 years with the company.
Thornburg CEO resigns as lawsuit heads to trial
A former employee alleges he was fired after complaining of favoritism toward the CEO’s romantic partner.
Thornburg CEO, Accused of “Sexual Favoritism,” Announces Resignation
“Rez Ball” filming in NM