Cantor Can't Slip Rival Broker's Poaching Suit In UK

Law360, London (January 12, 2021, 10:21 PM GMT) -- A London judge on Tuesday rejected Cantor Fitzgerald's appeal challenging the English court's authority to adjudicate a multimillion-dollar lawsuit claiming the financial services firm poached a rival's employees, saying the case should not be stayed for arbitration proceedings in the U.S.

High Court Judge Pushpinder Saini said arbitration required in the United States between Cantor and the competitor, Jefferies Group LLC, under Financial Industry Regulatory Authority rules, did not trigger a stay in proceedings required under English law.

The U.K.'s Arbitration Act 1996, he said, maintains that for there to be an arbitration agreement between two litigants there must be a...

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