Archive · 22 Sep 2025
Ex-Barings Executive Loses Bid to Dismiss Bonus Lawsuit
Imagine a company, Barings, where some people were paid extra money called bonuses.
The day after they got their bonuses, a bunch of people left to work at a different company called Corinthia.
Barings thinks their former boss, Adam Wheeler, helped these people leave.
Now, Barings is suing Wheeler, saying he caused them to lose money.
Wheeler says it's unfair and the case should be stopped.
A judge decided the lawsuit can continue, but the court hinted that the two parties may settle the case in the future.
Adam Wheeler, former Barings executive, failed to block a lawsuit against him.
Barings sued Wheeler over the departure of credit staff who joined Corinthia.
The lawsuit seeks to recover bonuses paid to the staff.
22 Barings employees resigned in March 2024.
Wheeler's lawyers are yet to file his defense.
- Who
- Adam Wheeler, former co-head of Barings, is being sued.
- What
- A lawsuit against Wheeler alleges he plotted a mass defection of Barings' credit staff.
- When
- The lawsuit relates to events in March 2024, following bonus payouts.
- Where
- The legal action is taking place in London, UK.
- Why
- Barings seeks to recover bonuses paid to staff who later joined Corinthia Global Management Ltd.
- Plaintiff
- Baring Investment Services Ltd.
- Defendant
- Adam Wheeler
- Allegation
- Plotting mass defection of staff
- Amount of Lawsuit
- £6.3 million ($8.5 million)
- Resignations
- 22 employees in March 2024
- Wheeler's Salary
- About £325,000 (basic), Remuneration: Over £4 million (2023)