Advanced Equities Seeks Injunction Against Felix

Law360, Los Angeles (July 7, 2011, 9:37 PM EDT) -- Venture capital investment bank Advanced Equities Inc. asked a New York state court Thursday to bar a former employee from breaching an employment agreement and misappropriating trade secrets by stealing clients for competitor Felix Investments LLC.

The filing comes on the heels of a Financial Industry Regulatory Authority arbitration accusing ex-AEI employee Jared Carmel of breaching an employment agreement by soliciting his former company's customers after jumping ship to Felix.

“AEI employed Carmel, compensated him and entrusted him with its confidential information,” the company wrote in...
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