Tullett Prebon Wins Unlawful Conspiracy Claim Against BGC, Shaun Lynn and Tony Verrier

Published March 18th, 2010 - 11:54 GMT

As the Judge set out at paragraph 3 of his Judgment: At this trial,
Tullett sought to continue by way of injunction the effect of undertakings
given in April 2009 and to establish its right to damages. The Defendants in

the main denied any wrongdoing and claimed that Tullett was not entitled to
any further injunction or to damages. BGC also brought a counter-claim.


    The Judge found in Tullett's favour, granting further
injunctions and that Tullett also had the right to claim damages. BGC's
counter-claim failed.


    The Court found that it should only be necessary to extend the
injunction against BGC, Mr Lynn and Mr Verrier until 2 April 2010 because
Judgment exposed BGC's unlawful conduct. Mr Justice Jack found: "The Court
must assume that the exposure of BGC's conduct as set out in the judgment
will curb unlawful recruitment in the future."


    Terry Smith commented: "In order to operate successfully businesses need
to be able to rely upon a framework of law in which contracts are respected
and when it is necessary to resort to proceedings, witnesses are truthful
evidence is preserved and disclosed rather than concealed or destroyed. It
clear that BGC, Mr Verrier and Mr Lynn had other designs. However, we trust
that Mr Justice Jack' s Judgment and findings will be respected by them and
help to take us back to the sort of legal framework which all businesses

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