We represented Raymond James & Associates, Inc., in a raiding claim against a competitor, Cantor Fitzgerald, that hired a significant number of employees away from our client’s fixed income department, many of whom were in different offices and none of whom had non-compete contracts. After three weeks of hearings, the FINRA arbitration panel rejected all of respondent’s defenses and awarded our client $1.75 million. Raymond James & Associates, Inc. v. Cantor Fitzgerald & Co. (FINRA Case No. 05-04568)
Raymond James & Associates, Inc. is a broker-dealer and a subsidiary of Raymond James Financial, Inc. (NYSE: RJF).