Ex-AllianceBernstein Execs Stole Client Info: Suit

Law360, New York (May 31, 2011, 8:45 PM EDT) -- Investment firm AllianceBernstein LP sued two former executives who left for Morgan Stanley in New York state court on Tuesday for allegedly violating employment agreements by taking client information in order to move business to the rival company.

Peter A. Gelwarg and Kenneth A. Mayer, former vice presidents and financial advisers at AllianceBernstein, were hit with the suit in New York Supreme Court only days after they quit Friday.

The suit is one of several AllianceBernstein has recently filed against former employees now at Barclays Global...
To view the full article, register now.