The London division of Nomura is being sued for up to £90m by a City headhunting firm for allegedly failing to pay fees associated with attracting star talent from Lehman Brothers amid its collapse last year, reports The Times. Hogarth Davies Lloyd alleges that the Japanese investment bank refused to pay for its work in identifying and persuading Lehman’s top employees to join Nomura last summer. Hogarth has filed suit against Nomura in the High Court claiming unpaid fees of tens of millions of pounds.

This entry was posted by Gwen Robinson on Wednesday, August 19th, 2009 at 4:45 and is filed under Capital markets, People. Tagged with Hogarth Davies Lloyd, Lehman Brothers, nomura. Edit this entry.