Icap will not pay Prebon’s £2m damage claim

Prebon began threatening legal action when the three brokers it hired – George Dranganoudis, Dennis Walton and Alexander Newman – elected to remain at Icap. “We had three signed contracts back from the three individuals. Now that they have not honoured the contracts – which we believe is thourgh inducement by Icap – we will be going after these individuals," said Prebon chief executive Tony Verrier.

The £2 million damage claim is, according to a source close to Prebon, “largely to cover the

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