Incapital Hits Ex-Execs, BNY Mellon With Trade Secrets Suit

Law360, New York (February 11, 2013, 3:53 PM EST) -- Incapital LLC on Friday sued three of its former executives and BNY Mellon Capital Markets LLC in Chicago state court, alleging the trio conspired to steal trade secrets and clients to take to their new employer in violation of their contracts.

Incapital, which underwrites and distributes financial products, says that over the past several years it has labored to create a unique system that caters to regional, independent and bank-affiliated broker-dealers to provide infrastructure, sales, educational and marketing support for structured financial products.

Knowing that the...
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