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After years of litigation, the interdealer brokers have reached a settlement over allegations of poaching and RICO-level interference.
Interdealer brokers Tullett Prebon and BGC Partners have decided to bury the legal hatchet over charges that BGC attempted to poach employees from the London-based firm in 2009. As part of a settlement, announced Jan. 13, BGC will be paying its rival $100 million in an agreement hammered out via the New Jersey Superior Court....
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