From Times Staff and Wire Reports

Irvine Broker Sues Prudential: Liberty Capital Markets Inc., joining a growing group of operations upset with major brokerage houses raiding their talent, sued giant Prudential Securities Inc. for $12 million for allegedly stealing its four top salesmen. The Irvine bond broker and dealer also accuses Prudential of defamation for suggesting that Liberty had gone out of business. A Prudential spokesman said the New York brokerage hired one salesman two years ago and that three others approached Prudential about jobs 16 to 18 months ago.

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