Citadel Wantz Teza Temporarily Shut Down

Law360, New York (October 9, 2009, 5:25 PM EDT) -- Citadel Investment Group LLC has called on an Illinois state judge to temporarily shut down a high-frequency trading firm started by two ex-employees, according to reports.

Brian Sieve, an attorney with Kirkland & Ellis LLP, the firm representing Citadel, said in Friday's closing arguments that the defendants in the case — three men who left Citadel in February and allegedly founded the competing firm Teza Technologies LLC — should not be allowed to continue operating until their noncompete agreements run out in November, Dow Jones reported...
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