Smith Barney Sues Ex-Employee Over Office Raid

Law360, New York (January 21, 2009, 12:00 AM EST) -- Smith Barney has accused a former office manager of poaching more than half the financial advisers at its Marlton, N.J., branch office for a rival firm, in violation of an employment agreement.

Smith Barney, a division of Citigroup Global Markets Inc., filed the lawsuit on Tuesday in the U.S. District Court for the District of New Jersey against former office manager Robert Hoey after he allegedly persuaded nine of the 17 financial advisers and other office staff at Smith Barney’s Marlton office to jump to competing...
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