Michael Kramer, Derron Slonecker, Joshua Scherer and Adam Verost were all bankers who worked in the restructuring group of Perella Weinberg Partners (PWP).

PWP stated they learnt of a meeting in January 2015 at Kramer's home in Connecticut, where eight members of the restructuring team gathered.

[1][2][4][5][6][7][8] Ducera was co-founded in 2015 by partners Michael Kramer, Derron Slonecker, Joshua Scherer, Agnes Tang, and Adam Verost.

Kramer and his colleagues filed a countersuit for defamation and wrongful seizing of equity, in addition to denying their plan to leave.

[1] In 2016, the New York state court dismissed some of the compensation claims of Ducera's co-founders while allowing their allegations of defamation and interference of business prospects to move forward.