Santander's Contract Suit Against Ex-Execs Axed

Law360, New York (November 28, 2011, 11:09 PM EST) -- A Florida federal judge on Monday tossed Banco Santander International's suit claiming a former executive left to start a competing investment firm and took other executives with him in violation of employment contracts, ruling that the court didn't have jurisdiction over the suit.

In dismissing the suit without prejudice, U.S. District Judge Ursula Ungaro rejected BSI's contention that the federal court has jurisdiction over its state law claims against former senior vice president Antonio Polegre Sr. and five other executives — which include breach of fiduciary...
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