Jefferies Wants Bonuses Back From Bankers Poached by Cantor
- Jefferies in global legal fight over poaching of banking team
- Suit stems from Cantor hiring 26 bankers from Jefferies
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Jefferies Financial Group Inc., stung by the poaching of an entire investment banking team by Cantor Fitzgerald LP, accused the brokerage of making a “concerted effort” to stop the ex-employees from repaying bonuses it says it’s due.
Jefferies is embroiled in a legal fight with rival Cantor that stretches from New York to Hong Kong after 26 of its bankers joined the brokerage in late 2017. Details of the case were disclosed Tuesday after Cantor lost an attempt to have the London lawsuit set aside on jurisdiction grounds.