Labor/Employment
Mar. 15, 2024
HSBC seeks dismissal of $1B claim of worker poaching
The lawsuit alleges that Silicon Valley Bank executive David Sabow targeted high-ranking employees who resigned after First Citizens Bank’s acquisition and promised them leadership roles at HSBC.
HSBC, which acquired Silicon Valley Bank’s U.K. branch after its collapse last year, asked a federal judge to dismiss a $1 billion lawsuit accusing the financial corporation of poaching more than 40 high-level employees and misusing proprietary information.
“The court has already ruled that there is a case here and discovery should begin. First Citizens will respond to the defendants’ motion in due course and continue its steadfast pursui...
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In