Ex-Fla. Bank Executives Can't Escape Trade Secrets Suit

Law360 (June 30, 2020, 5:21 PM EDT) -- Five former executives of Florida-based Seacoast Bank cannot escape its suit accusing them of stealing confidential customer information and trade secrets before hastily quitting and taking a team of employees to a rival, a federal judge ruled Monday.

While he partially granted motions to dismiss filed by the 12 former Seacoast employees and their new employer, One Florida Bank, Orlando-based U.S. District Judge Roy B. Dalton left the door open for Seacoast Banking Corp. of Florida and Seacoast National Bank to refile most of the claims he trimmed.

Among his rulings in the 21-page order, Judge Dalton found that Seacoast adequately...

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