Cantor Fitzgerald Sues Bank For $7.5M Over Unpaid Fees

By Lucia Osborne-Crowley (September 8, 2021, 2:09 PM BST) -- Cantor Fitzgerald & Co. is suing an Indian lender for $7.5 million over an allegedly unpaid financing fee after the U.S. financial services firm helped the bank raise cash.

Cantor Fitzgerald has told the High Court that Yes Bank Ltd. owes it just under $7 million in a finder's fee. Cantor claims that the Indian private sector lender retained it as its financial adviser and signed a deal under which the U.S. firm would be paid 2% of any investment it helped secure for the bank.

The financial adviser also said that Yes Bank owes it a further $500,000 for its retainer...

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