Plant Liquidator Says Worker Stole Secrets For New Co.

Law360, New York (October 21, 2011, 3:18 PM EDT) -- Counsel RB Capital LLC, an investment firm that buys and resells manufacturing plants, sued a former employee Thursday in New York for allegedly breaching a contract and using its trade secrets to start a new company, in violation of competition law.

Gregory Schain made statements “riddled with lies and deceit” and continued to work on high-level liquidation deals at CRB, all while he was planning to found New Mill Capital LLC to compete head-to-head with CRB in the industrial liquidation business.

He also poached another CRB...
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