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More Brokers Resign From Calgary Oil Firm at Center of Lawsuit

  • Exit follows broker departures in April amid abuse allegations
  • NE2 is at center of lawsuit brought by former executive

At least two more brokers resigned from a prominent Calgary oil brokerage in recent days, adding to the string of walkouts that spooked Canada’s crude market last spring.

NE2 Group, a brokerage that has historically played an important role in setting prices for Canadian crude, lost Houston-based Mikaela Bennett and Madison Brittner since the weekend, according to people familiar with the matter. The departures come after two-thirds of the firm’s brokers resigned around the Easter holiday weekend over allegations that NE2’s president and owner, Timothy Gunn, was physically and verbally abusive to employees.