Swiss Court Grants UBS Injunction In Poaching Case

Law360, New York (August 4, 2008, 12:00 AM EDT) -- A Swiss court has temporarily blocked Goldman Sachs & Co.-affiliated startup Vestra Wealth from hiring brokers from rival bank UBS AG, in the first ruling handed down in the case filed against Vestra by UBS.

UBS said on Monday that a high court judge had granted its request for an injunction to block Vestra from pursuing UBS clients or staff. UBS demanded the injunction on Friday in response to a mass defection of its employees in May.

“As we have always maintained this legal action, which...
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