L-R: Benjamin R. Nagin & Tacy F. Flint of Sidley Austin, and David Paul of Cantor Fitzgerald. Courtesy photosLitigator of the Week: Cantor Fitzgerald Fights Off Former Partners’ Antitrust Claims Over Post-Employment Pay
After Cantor Fitzgerald got an earlier ruling from the Delaware Supreme Court finding the forfeiture-for-competition provisions of its partnership agreements valid under state law, Benjamin Nagin and Tacy Flint of Sidley Austin and David Paul, the co-head of litigation at the financial services firm, won a motion to dismiss federal antitrust claims brought on behalf of former partners.
December 06, 2024 at 08:30 AM
7 minute read
Earlier this year David Paul, the co-head of litigation at Cantor Fitzgerald, nabbed Runners-Up honors for Litigator of the Week alongside his outside counsel Benjamin Nagin and Tacy Flint of Sidley Austin when the trio secured a key reversal from the Delaware Supreme Court finding the forfeiture-for-competition provisions in the financial services firm’s partnership agreements valid under state law.
Those provisions allowed Cantor Fitzgerald to withhold distributions otherwise owed to former partners who went on to compete in certain ways with the firm.
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