Prebon Yamane Sues Gruntal & Co. Over 'Poached' New York Italian Lire Desk
BROKERS
Prebon Yamane (USA), the international money and foreign exchange brokers, has filed a complaint in the New York Supreme Court seeking at least $4.8 million in actual and punitive damages from competitors Gruntal & Co. and the seven brokers that formerly comprised Prebon's entire New York Italian lire desk. They left en masse to Gruntal last month (FX Week, March 28).
Prebon alleges, among other things, that the brokers misappropriated confidential and proprietary documents and that they
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