FSA sanctions in team move cases
Mayer Brown Legal Update
In Spring 2010, we published an Update on the Tullett Prebon Plc v BGC Brokers LP case. In this much-publicised and long-running battle between rival interdealer brokers, the High Court took a dim view of BGC's conduct when poaching a team of brokers from Tullett. It took an even dimmer view of the conduct of Anthony Verrier, the former COO of Tullett.