Odeon Capital Sued Trader for Millions. It Now Owes Him $461,000

When Odeon Capital Group LLC sought $5.6 million from its former head of corporate bond trading, it not only lost that battle it wound up owing him money.

Now Mihir Patel is asking a judge to order Odeon to pay more than $461,000 that was awarded to him by a Financial Industry Regulatory Authority panel in January.

The New York-based broker alleged that Patel violated non-compete provisions of his employment contract in 2015 when he resigned his post and took a job at another firm, Auriga USA LLC, according to Odeon’s submission to FINRA. Odeon also accused Patel of violating ...