Opus Slaps Ex-Trader With Trade Secrets Suit

Law360, New York (March 29, 2011, 6:58 PM EDT) -- Opus Trading Fund LLC filed a lawsuit Monday in New York accusing a former trader of breaching a noncompete agreement and misappropriating trade secrets when he joined a Schottenfeld Group LLC affiliate allegedly bent on replicating Opus' trading strategy.

Securities trader David Kleinman violated a July agreement with Opus when he left the company on March 22 with plans to join Koyote Trading LLC six days later, according to the suit filed in the Supreme Court of the State of New York, County of New York....
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