Barings Poaching Suit Turns to £6.3 Million Paid Out Bonuses (1)

The former co-head of global private finance at Barings moved to block a lawsuit from his ex-employer seeking to recoup £6.3 million ($8.5 million) in bonuses paid out before the corporate raid of its credit team.

Adam Wheeler asked a London court to toss out the claim by Barings Investment Services Ltd., a UK subsidiary of the firm, over the awards made to staff who later joined Nomura-backed Corinthia Global Management Ltd.

Wheeler’s lawyers said in court filings that Barings is pursuing an overlapping and inconsistent case against him. He said he agreed to serve gardening leave only to ...