Bloomberg / DPK in the News

August 25, 2016

JPMorgan Accused of Double Standard on Broker Poaching

 

Steven Kramarsky, who has litigated against JPMorgan, says that as the number of protocol-related disputes has grown, industry insiders have started to grumble about the need for a “Protocol 2.0.”

 

Until then, there may be little clarity about who falls under the protocol and who doesn’t, giving way to legal action and other maneuvers by banks like JPMorgan to head off departures.

 

Last year, six advisers left JPMorgan in Morristown, New Jersey, to join Morgan Stanley and invoked protocol protection. JPMorgan went to federal court to request a temporary restraining order. It argued that the advisers weren’t protected by the protocol and claimed breach of contract and misappropriation of trade secrets. The judge rejected its request.

 

Read More.

 

 

Tags:

Please reload

Featured Posts

DPK founder and partner Tom Dewey was selected by his peers for inclusion in 27th edition of The Best Lawyers in America. Tom was recognized as a lead...

The Best Lawyers in America / DPK in the News

August 20, 2020

1/6
Please reload

Recent Posts
Please reload

Archive
Please reload

Search By Tags
Please reload

© 2020 Dewey Pegno & Kramarsky LLP                                                                                  

In some jurisdictions, this may be considered attorney advertising.