SunTrust Wins 1st Round In Schwab Secrets Row

Law360, New York (November 28, 2011, 3:52 PM EST) -- A federal judge in Florida denied Charles Schwab & Co. Inc.'s bid for a preliminary injunction on Wednesday in a trade secrets and unfair competition case against SunTrust Investment Services Inc. and two ex-Schwab workers who allegedly used misappropriated customer data to solicit Schwab clients.

U.S. District Judge Kenneth Marra denied a Nov. 17 motion for a preliminary injunction barring the use of Schwab's customer data, which  Schwab claimed constituted “continued violations” of the employment agreements signed by former Schwab financial consultants Christopher Haffey and Lance...
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