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Key suing 3 former employees

Trio allegedly poached accounts worth $16 million

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KeyBank is suing three former investment advisers who allegedly engaged in a “calculated poaching scheme” that netted at least 50 accounts valued at $16 million for their new employer, competitor Principal Financial Group. The lawsuit, filed last week in state Supreme Court in Albany County, seeks $1 million in compensatory damages and $1 million in punitive damages on counts that allege misappropriation of trade secrets, conversion, unfair competition and unjust enrichment. Key also wants a ...


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