NY Court Asked To Weigh In On Anti-Poaching Rule

Law360, New York (August 25, 2010, 1:21 PM EDT) -- A federal appellate court has asked New York's highest court to determine whether an investment manager broke New York client poaching law by answering inquiries from his account holders when he jumped to a new firm.

The U.S. Court of Appeals for the Second Circuit on Tuesday certified two questions to the New York State Court of Appeals whether Francis S. Branin Jr. violated the “Mohawk doctrine” after leaving the Bessemer Trust Co. for a rival firm, and if so how damages should be assessed. The...
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