Citizens Says Ex-Consultants, Wells Fargo Stole Clients

Law360, New York (June 6, 2012, 1:28 PM EDT) -- An investment services unit of Citizens Financial Group Inc. and RBS Citizens NA hit Wells Fargo Advisors Financial Network LLC and three former employees with a breach of contract suit Tuesday claiming they misappropriated proprietary information and stole customers.

In a suit filed in Connecticut federal court, Citizen’s CCO Investment Services Corp. and RBS Citizens alleged financial consultants James W. Oliver III and James F. Venditti and assistant financial consultant Della Hicks breached their employment contracts and stole proprietary customer information.

“On information and belief, prior...
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