Jefferies, Cantor Settle Poaching Suit Over Banker Walkouts
- Suit stemmed from mass move of 26 bankers between the rivals
- Jefferies had sought bonuses back from poached banking team
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Cantor Fitzgerald LP and Jefferies Financial Group Inc. agreed to settle a lawsuit stemming from a mass move of bankers between the firms, according to two people familiar with the case.
The case centered on the sudden resignation of 26 Jefferies bankers across New York, London and Hong Kong on the same day in November 2017. The settlement came after Cantor lost its attempt last year to dismiss the London suit.