We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Morgan Stanley Execs Upbraided For Poaching Clients

Law360, New York (May 2, 2012, 5:31 PM EDT) -- A New York state judge on Tuesday held two former AllianceBernstein LP executives in contempt for using confidential information to lure clients to their new employer, Morgan Stanley Smith Barney LLC.

Judge Eileen Bransten ruled that Peter A. Gelwarg and Kenneth A. Mayer, both former AllianceBernstein vice presidents and financial advisers, had violated a June temporary restraining order that prohibited them from soliciting their AllianceBernstein clients after they moved to Morgan Stanley — although she refused to impose a more lasting prohibition on the pair....
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.