Ex-VP Stole Credit Suisse Valuation Method: Suit

Law360, New York (December 21, 2009, 5:19 PM EST) -- Credit Suisse Securities LLC has sued a former vice president who, after leaving the bank, formed his own company and is now trying to patent a valuation method Credit Suisse claims he stole when he was canned in 2000.

In a complaint filed in the U.S. District Court for the Southern District of New York Thursday, the bank accuses David Trainer of breaking his severance agreement by stealing trade secrets, using them to establish a direct competitor and attempting to orchestrate his own exclusive use to...
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