AllianceBernstein Sues Ex-Employee Hired By Barclays

Law360, New York (April 8, 2011, 9:12 PM EDT) -- Investment firm AllianceBernstein LP on Thursday sued a former employee in New York state court for allegedly breaching employment contracts by soliciting a co-worker and clients for her new employer, Barclays Global Wealth Management.

In a complaint filed Thursday in the Supreme Court of the State of New York, County of New York, AllianceBernstein accuses its former financial advisor Michelle Motsko of helping AllianceBernstein clients transfer their investment portfolios to Barclays and of aiding an associate who had worked on her team to get a job...
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