Ex-Societe Generale Trader Stole Trade Secrets: Suit

Law360, New York (May 18, 2011, 8:47 PM EDT) -- Societe Generale SA on Tuesday filed a suit in New York accusing a former forex trader of breaching his employment contract by taking privileged data and trade secrets to make himself an attractive candidate for a job at Credit Agricole SA.

Societe Generale is seeking the court to force former junior salesperson Karma Tenzing to immediately hand over trade secrets he had allegedly taken and abide by his employment agreement.

An injunction is needed because Tenzing "continues to solicit SG's clients for his benefit and that of his new employer to the detriment of SG despite being warned not to do...

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