BofA, Dynasty End Worker Trade Secrets Suit

Law360, New York (January 25, 2011, 3:54 PM EST) -- Bank of America NA has settled its suit alleging former employees of its U.S. Trust wealth management business misappropriated trade secrets and breached contracts when they went to work for Dynasty Financial Partners LLC.

Dynasty announced the deal Monday, ending a suit in the New York Supreme Court, County of New York, that claimed the four workers took confidential information that would have given the investment and technology platforms provider an unfair edge in the area of wealth management.

The terms of the settlement are confidential,...
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