The Daily Gazette
The Locally Owned Voice Of The Capital Region

Key suing 3 former employees

Trio allegedly poached accounts worth $16 million

Text Size: A | A

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 ...

You Must or Subscribe to Continue
subscribe to the Daily Gazette
Individual stories can be found and purchased from our Archives for $2.00

Enjoy this story? Share it!



There are currently no posts. Be the first to comment on this story.