Ousted ISC Exec Can't Use Broker's Client Data, Court Rules

Law360, Dallas (December 13, 2012, 5:47 PM EST) -- A Texas appellate court on Wednesday said investment firm ISC Group Inc. is entitled to a broader injunction in a trade secrets case against its former vice president that would stop him from using confidential client data to solicit the clients to his new business.

The court said ISC and subsidiary Institutional Securities Corp., a broker-dealer, had shown it should have won an injunction preventing Vernon “Coby” Hood III from using any of the sensitive client data he allegedly downloaded from ISC before he was fired,...
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