We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

JPMorgan Trader Hits Co. With $3M Inducement Suit

Law360 (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...
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.