Sobel & Co. Sued by Ex-Seaport Co-Head Over Contract
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Sobel & Co. was sued by Drew Doscher, former co-head of sales and trading at Seaport Group LLC, over claims the accounting and consulting firm worked with others at Seaport to cheat him out of equity at the firm.
Doscher, the former head of distressed debt at UBS AG and Barclays Plc, said in his complaint in Manhattan federal court that he was fired from Seaport after a dispute over alleged front running and it was never disclosed to him that his equity account “would evaporate upon his termination.” Doscher filed an arbitration claim with the Financial Industry Regulatory Authority seeking $15.5 million in unpaid compensation, according to the complaint.