Bank One, Smith Barney Settle Lawsuit Over Trade Secrets

Law360, New York (October 19, 2003, 12:00 AM EDT) -- Banc One Securities Corp. settled its lawsuit over trade secrets against five former employees and Smith Barney, newswires reported.

Banc One Securities Corp. had sued Smith Barney and the five employees on Oct. 1, seeking to bar them from pursuing business with their former clients, and disclosing or destroying trade secrets and other information. The employees had signed agreements preventing them from using customer data after they departed on Sept. 26., according to the company.

Bank One and Smith Barney refused to release any details of...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.