JPMorgan sues recruiter over Citadel hires

Fri Oct 31, 2008




JPMorgan has been seething for months over the loss of a handful of its most senior and talented fixed-income executives to Citadel Investment Group, and now the firm is taking legal action against the recruitment firm it says played a crucial role in those hires.

JPMorgan has filed a lawsuit in Manhattan's U.S. District Court against recruitment agency IDW Group, alleging that the placement agency violated four separate executive search agreements...

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