Legal
Corinthia Files Motion to Dismiss Barings Lawsuit Over Poaching Staff
- Barings has provided no evidence of harm, Corinthia says
- The poaching sent shock waves across the private credit market
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Corinthia Global Management, the upstart private credit manager that poached more than 20 employees from Barings in March, has asked a judge to dismiss the asset manager’s lawsuit against it.
Corinthia argues that Barings hasn’t put forth any facts to show it has suffered the harms it claims to have incurred from the team lift, according to a Friday filing in a North Carolina court.