UK Court Rejects BGC Appeal Over Employee Raid

Law360, New York (February 23, 2011, 7:34 PM EST) -- A U.K. appeals court on Tuesday denied electronic brokerage BGC Partners Inc.'s appeal of a lower court ruling that it engaged in a scheme to poach brokers from rival Tullett Prebon PLC.

A three-judge panel of the Court of Appeal, Civil Division, issued a final judgment upholding a March ruling that BGC and its managing director Tony Verrier engaged in a multimillion-dollar scheme to steal away the heads of four Tullett trading desks as well as all of the brokers on those desks, according to a...
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