Deutsche Bank Sues Ex-Employee For Pinching Clients

Law360, New York (March 9, 2009, 12:00 AM EDT) -- The U.S. investment and securities arm of Germany's Deutsche Bank is suing a former employee it claims stole confidential information and poached two assistants when he took a job with rival Morgan Stanley on Friday.

Deutsche Bank Securities Inc. filed a complaint in the U.S. District Court for the District of Columbia on Monday seeking a preliminary injunction against James Wohlgemuth pending the outcome of an arbitration proceeding before the Financial Industry Regulatory Authority.

Wohlgemuth worked as a financial adviser in Deutsche Bank's Washington, D.C., branch...
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