Judge Lifts Ban On Ex-Bank Worker In Trade Secret Dispute

By Adam Lidgett (October 21, 2021, 4:11 PM EDT) -- A California federal judge has undone a preliminary injunction barring a former East West Bank employee from using the bank's purported trade secrets, saying he would not have issued it in the first place if he knew about arbitration pacts the ex-worker signed.

U.S. District Judge William H. Orrick on Wednesday dissolved a preliminary injunction the court had ordered earlier against Sukeert Shanker and the fintech startup he formed, Aeldra Financial Inc.

Judge Orrick said that he "would not have issued the preliminary injunction in its current form, if at all," had he been made aware of two arbitration agreements Shanker signed...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!