Lieff Cabraser is investigating complaints that multinational British bank giant Barclays may have violated U.S. antitrust laws by promising not to hire employees from U.S. bank JPMorgan. The complaints arose in the wake of a series of high-level executive departures from JPMorgan to Barclays starting in 2015.
The U.S. Department of Justice is also reportedly looking into the situation, and has made document requests to Barclays to see if it made agreements with JPMorgan to avoid hiring additional JPMorgan bankers. Such “no-poach” agreements, as they are called, violate U.S. antitrust law.
Current and former employees of JPMorgan or Barclays who would like to learn more about this investigation or report their experiences may contact us online by using the form below. Or you can contact a Lieff Cabraser antitrust attorney at (800) 541-7358. All information will be kept strictly confidential as provided by law.
Lieff Cabraser has a strong tradition of fighting for employee rights and to maintain competition in the marketplace. Competition in the labor market results in better salaries, enhanced career opportunities for employees, and better products for consumers.