JPMorgan Trader Hits Co. With $3M Inducement Suit

Law360, New York (October 23, 2007, 12:00 AM EDT) -- A former top trader at JPMorgan Chase & Co. has accused his old employer of failing to live up to promises it made in order to coax him to turn down a job offer from a rival bank.

Erik Herzfeld filed suit Tuesday in the U.S. District Court for the Southern District of New York, bringing a count of fraudulent inducement against the prominent investment bank and asking for a minimum of $3 million in damages.

Herzfeld, who by 2004 was head of JPMorgan's Singapore Emerging...
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