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Jefferies Sues Cantor in U.K. After Bankers Leave for Brokerage

Jan. 15, 2019, 6:07 PM

Jefferies Financial Group Inc. is going after Cantor Fitzgerald LP, the home of its former star banker Sage Kelly, suing the brokerage and three investment bankers who left the firm last year.

The bank filed a lawsuit in London in December against Cantor and three bankers in its power, energy and infrastructure group. Jefferies lost 24 people in the energy coverage team to its New York-based rival in 2018.

While brokers have regularly turned to the U.K. courts to combat poaching of their staff, it’s rarer for a bank to do so. The lawsuit comes about a year after the...

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