Mesirow Employees Ordered To Pay $2M Over Secrets

Law360, New York (May 11, 2010, 6:46 PM EDT) -- Two former employees of financial services firm Mesirow Financial Holdings Inc., along with their new company, have been ordered to pay $1.9 million to Mesirow for allegedly misappropriating trade secrets and trying to pirate away clients.

The award was handed down Thursday by a split arbitration panel of the Financial Industry Regulatory Authority. According to the award, David J. Copeland, Neal H. Price and their company, Strategic Wealth Partners LLC, are jointly and severally liable for $1.873 million in compensatory damages, which they will pay to...
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