PNC Sues Ex-Exec, Morgan Stanley For Trade Secret Theft

Law360, New York (March 14, 2014, 9:10 PM EDT) -- PNC Financial Services Group Inc. sued a former executive and Morgan Stanley Inc. in Pennsylvania federal court Friday, alleging the ex-senior vice president conspired with the rival company to poach PNC workers, customers and trade secrets to unfairly compete, in breach of her employment agreement.

Pittsburgh-based PNC said Eileen Daly and Morgan Stanley schemed to coax other PNC employees to defect to Morgan Stanley, misappropriate its confidential business information and trade secrets, and unlawfully solicit its customers.

“PNC has suffered, and will continue to suffer, millions...
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