Judge Blocks Bear Stearns Injunction For Employee

Law360, New York (April 7, 2008, 12:00 AM EDT) -- A judge has denied a bid by Bear Stearns & Co. Inc. for a preliminary injunction in a case it brought to fight a move by one of its Boston-based executives to rival Morgan Stanley & Co. Inc.

Judge Nathaniel M. Gorton of the U.S. District Court for the District of Massachusetts said in an order Friday that no irreparable harm would befall Bear Stearns if an injunction wasn't issued. He said the firm would likely succeed on the merits of its breach of contract claim...
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