Edsparr jp



Keywords: edsparr jp, news and current events
Description: Photo by Bloomberg NewsJPMorgan Chase & Co. was sued for $2.3 million by former executive committee member Patrik Edsparr over an unpaid

JPMorgan Chase & Co. was sued for $2.3 million by former executive committee member Patrik Edsparr over an unpaid bonus payment in the latest dispute involving a group of senior managers who left the bank last year.

Edsparr, 43, said in a lawsuit filed this month that JPMorgan’s London unit refused to pay a deferred bonus after he left the bank to work at Citadel Investment Group LLC.

JPMorgan, the second-biggest U.S. bank, last year sued executive search firm IDW Group over the hiring of Edsparr and three other bank executives by Citadel. It also stopped trading with Citadel for a day last year before reaching an agreement with the hedge fund over the departures.

Edsparr resigned in March 2008 to become global fixed- income head and European CEO of Citadel, the Chicago-based hedge-fund firm founded by Kenneth Griffin. At JPMorgan he had been on the executive committee and ran businesses including foreign exchange, securitized products and principal investments.

David Wells, a spokesman for New York-based JPMorgan, declined to comment. Roberto Moruzzi, Edsparr’s lawyer, said he couldn’t immediately comment when contacted by phone today. Edsparr didn’t immediately respond to an e-mail seeking comment.

Edsparr claims that JPMorgan first halved, and then refused to pay an expected $5 million payment that vested in January 2007 for payment this year.

JPMorgan in December sent Edsparr a letter saying that due to the performance of the business and changes in the level of the London interbank offered rate, or Libor, the payment had been reduced to around $2.3 million, according to the lawsuit.

On March 25, JPMorgan attorneys in New York contacted him saying they planned to pay him nothing due to “an unparticularized allegation of violation of non-solicitation agreements contained in unidentified agreements” with the bank, the filing said.






Photogallery Edsparr jp:


bonus-document-jan-2010-4-728. ...


Bonus document jan 2010


Bonus document jan 2010


Bonus document jan 2010


Bonus document jan 2010


Bonus document jan 2010


Bonus document jan 2010


JPMorgan Chase Corporate data and shareholder information


JPMorgan Chase Corporate data and shareholder information


Nomura's Europe chairman Kieran Poynter steps down


A new hypothesis for the cancer mechanism - Springer


jpmorgan-chase-corporate-data- ...


Investment: Strategy Investment Banking


Frontiers | NK Cell Autoreactivity and Autoimmune Diseases | NK ...


Johan Brnnstrm - Google+


Johan Brnnstrm - Google+


Johan Brnnstrm - Google+