AllianceBernstein Claims Ex-Adviser Poached Clients

Law360, New York (June 14, 2011, 3:05 PM EDT) -- AllianceBernstein LP slapped one of its former financial advisers with a contract suit in New York state court on Monday, accusing him of using the investment firm's trade secrets to solicit clients on behalf of his new employer, UBS Financial Services Inc.

Defendant David Moran worked for AllianceBernstein from 2001 until Friday, when he abruptly quit and immediately signed on with competitor UBS, according to the complaint.

The trade secrets at issue — which include confidential information like client contact information and net worth, as well...
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