SunTrust Wins 1st Round In Schwab Secrets Row

Law360, New York (November 28, 2011, 3:52 PM EST) -- A federal judge in Florida denied Charles Schwab & Co. Inc.'s bid for a preliminary injunction on Wednesday in a trade secrets and unfair competition case against SunTrust Investment Services Inc. and two ex-Schwab workers who allegedly used misappropriated customer data to solicit Schwab clients.

U.S. District Judge Kenneth Marra denied a Nov. 17 motion for a preliminary injunction barring the use of Schwab's customer data, which  Schwab claimed constituted “continued violations” of the employment agreements signed by former Schwab financial consultants Christopher Haffey and Lance...
To view the full article, register now.