Broker guilty of ‘unlawful conspiracy’ to poach staff

LONDON – A UK High Court judge has found in favour of inter-dealer broker Tullett Prebon after it accused rival BGC Partners of an “unlawful conspiracy” to poach its top employees. The ruling by Justice Raymond Jack concerned the hire of 10 of Tullett’s best-performing brokers in London. According to court documents, BGC offered one of Tullett’s desk heads £413,000 up front and a guaranteed minimum annual salary of £225,000 for the first two years of a five-year contract.

Although poaching staff

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