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1248 Holdings moves to dismiss amended claims in US wealth management no-poach case

( August 8, 2024, 21:09 GMT | Official Statement) -- MLex Summary: 1248 Holdings moved to dismiss amended US antitrust claims accusing it of engaging in illegal no-poach agreements, arguing that it isn't liable for the actions of its subsidiaries. It said that it isn't enough to allege that it shares common officers and interests with its subsidiaries, which are legal characteristics of parents and subsidiaries. “If it did, every parent corporation could be dragged into litigation involving its subsidiaries by including facts that amount to nothing more than parent-company status.”See document below. ...

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