Morgan Stanley Seeks TRO Against Ex-Advisers

Law360, New York (September 27, 2010, 2:35 PM EDT) -- Morgan Stanley Smith Barney LLC has asked a court for a temporary restraining order in a suit accusing former employees of stealing trade secrets and breaching confidentiality agreements, hoping a TRO will expedite an underlying arbitration hearing on the matter.

Preserving the status quo outweighs any potential harm to the defendants and is the only way to stop the economic bleeding caused by their defection Wednesday to Sapient Private Wealth Management LLC, MSSB said Friday in a motion in the U.S. District Court for the District...
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