Aug 1 (Reuters) - A financial technology provider

previously represented by Quinn Emanuel accused the law firm of

betraying its loyalties and violating ethics rules by taking the

case of a former executive suing the company over his

termination.

In a filing in the case in California federal court on

Thursday, Pagaya Technologies ( PGY ) asked a judge to

disqualify Quinn Emanuel from representing Hugh Edmundson in the

lawsuit he filed in June.

In the new filing Pagaya ( PGY ) and its hedge fund affiliate

Theorem Technology accused Quinn Emanuel of breaking attorney

ethics rules in its new work for Edmundson, a former top

executive at Theorem. Pagaya ( PGY ) had acquired Theorem last year.

"The firm is a repeat offender, having been disqualified

multiple times for this exact misconduct," lawyers for Pagaya ( PGY )

and Theorem at law firm Gibson Dunn wrote. Pagaya ( PGY ) said Quinn

Emanuel had "brazenly violated its ethical obligations by

turning around and suing its own client."

Quinn Emanuel and a lawyer for Edmundson did not immediately

respond to requests for comment, and neither did Pagaya ( PGY ).

Last year, Quinn Emanuel was disqualified from representing

Elon Musk's social media platform X in a lawsuit accusing

data-scraping company Bright Data of illegally copying and

selling content. The law firm had previously represented Bright

Data in another lawsuit.

In an April letter from Quinn Emanuel to Edmundson's

attorneys, which was included in the court file, the firm had

said the "suggestion of a conflict on the part of Quinn Emanuel

is false and inaccurate."

The firm also said it had set up "appropriate ethical

screens out of an abundance of caution" to separate its prior

work for Pagaya ( PGY ) with its representation of Edmundson.

Edmundson's lawsuit accused Pagaya ( PGY ) and Theorem of wrongful

termination, retaliation and other claims stemming from his

firing in April from Theorem, where he was chief investment

officer. Edmundson founded Theorem in 2014.

Edmundson alleged that "almost immediately after the merger

closed, defendants began systematically dismantling Theorem's

independence and strategic decision-making authority."

Quinn Emanuel provided legal work last year to Pagaya ( PGY ) on

non-compete and non-solicitation provisions related to Theorem

employees, Pagaya ( PGY ) said.

It further alleged that Quinn Emanuel's prior work for the

company has created a "direct and incurable conflict of

interest."

In Thursday's court filing, Pagaya ( PGY ) said that Edmundson's

lawsuit was baseless.

The case is Hugh Edmundson v. Pagaya Technologies ( PGY ) et al,

U.S. District Court, Northern District of California, No

For plaintiff: Diane Doolittle and Michael Liftik of Quinn

Emanuel

For defendants: Brian Ascher, Katherine Smith and George

Adams III of Gibson, Dunn & Crutcher

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