UBS Advisers Took Trade Secrets To Wells Fargo: Suit

Law360, New York (February 16, 2012, 5:29 PM EST) -- A UBS AG brokerage unit on Wednesday sued two of its former financial advisers in Chicago, accusing them of taking confidential trade secrets, including customer account information, to their new jobs at Wells Fargo LLC.

The Swiss bank's New York-based UBS Financial Services Inc. asked an Illinois county court to block the financial advisers, David Kinnear and Kathleen Bakas, from soliciting any clients they served at UBS and to prevent the disclosure of any proprietary information until the Financial Industry Regulatory Authority Inc. has a chance...
To view the full article, register now.