Minneapolis, MN commercial litigation attorney Jesse Kibort talks about a memorable financial institution case he handled. The firm represented a broker-dealer involved in a significant case as it sought to expand its market presence both locally and regionally. In pursuit of this growth, the broker-dealer targeted several successful teams with substantial assets under management from prominent local broker-dealer firms.

Consequently, the firm received numerous letters and threats from the attorneys representing these institutions, accusing the broker-dealer of poaching clients and employees. However, the situation was fundamentally about competition, with the outcome largely hinging on which firm could offer better compensation and working conditions for its employees, financial advisors, and dealers. Ultimately, these threats were perceived as mere bluster within the competitive landscape of the industry.