Merrill Settles Trade Secrets Spat With 2 Advisers

Law360, New York (April 8, 2010, 2:36 PM EDT) -- Merrill Lynch & Co. Inc.'s broker-dealer unit has agreed to settle a dispute with two former employees who jumped to Raymond James Financial Services Inc. and allegedly took client information with them.

Under the agreement, which settles a trade secrets suit filed by Merrill Lynch Pierce Fenner & Smith Inc. in March, financial advisers Mark Bublitz and Nicholas Bonn will not solicit their former clients for a year in exchange for Merrill agreeing to give the pairs' contact information to clients who ask for it....
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.