Deutsche Raid Sparks Legal Tussle Over Contracts

Law360, New York (March 28, 2007, 12:00 AM EDT) -- A Deutsche Bank raid of 16 money managers at Invesco Institutional Inc. who helped oversee $96 billion in the company’s assets has prompted a legal battle over the legality of the managers’ employment contracts.

Former Invesco senior executives Stephen M. Johnson, James F. Guenther and Kenneth R. Bowling filed a lawsuit Wednesday in Jefferson County Circuit Court in Kentucky against Invesco, claiming that a provision in their employment contracts that prevents them from resigning without 12-months notice is “unreasonable in breadth and scope, and otherwise unenforceable...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.