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Pastore & Dailey Wins Temporary Restraining Order and Preliminary Injunction for Financial Services Client

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Published On: February 21, 2014

Pastore & Dailey Wins Temporary Restraining Order and Preliminary Injunction for Financial Services Client

Pastore & Dailey successfully obtained a temporary restraining order and preliminary injunction in New York State Court for one of our clients.  The client provides financial advisory services, including analysis and consulting related to Residential mortgage-backed securities, other securities, and other complex assets, to some of the largest financial institutions and law firms in the world.  This dispute arose when a group of our client’s employees all resigned around the same time and together joined a new, competing venture just formed.  The former employees have restrictive covenants in their employment agreements with our client not to solicit our client’s employees or clients, or use or disclose its confidential information and trade secrets.  Recognizing the enforceability of those employment agreements, the Court issued a temporary restraining order and preliminary injunction to protect our client’s confidential information, trade secrets, employees, and client base pending the outcome of a Financial Industry Regulatory Authority (FINRA) arbitration our firm instituted on behalf of our client.