BlackRock Files Suit Over Employee Departure

Law360, New York (April 23, 2007, 12:00 AM EDT) -- BlackRock Inc. has slapped U.K. investment bank Schroders PLC with a lawsuit, striking back at its asset-management rival for luring away the former head of its German business and potentially revealing confidential company information.

BlackRock filed suit Friday in the U.S. District Court for the Southern District of New York against Schroders, a move triggered by the latter’s hiring of Achim Kussner, BlackRock’s one-time operations manager.

“The e-mails show Mr. Kussner and defendants Schroder acted in concert to solicit and entice a team of key employees...
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