PHILADELPHIA — A New York company is suing a former employee, citing alleged breach of contract and unfair competition.
Morgan Stanley Smith Barney LLC filed a complaint Oct. 4 in the U.S. District Court for the Eastern District of Pennsylvania against Joseph Nelligan, alleging that the former employee solicited the plaintiff's clients after his resignation from Morgan Stanley Smith Barney.
According to the complaint, the plaintiff alleges that it sustained damages to its business this year after its clients transferred business to competitor Merrill Lynch, where the defendant now works. The plaintiff holds Nelligan responsible because the defendant allegedly disclosed confidential information, trade secrets and client lists to his current employer in order to solicit the business of plaintiff's clients.
The plaintiff seeks judgment against the defendant for temporary and preliminary injunctive relief and any further relief this court grants. It is represented by Christopher C. Coss and Thomas J. Momjian of Coss & Momjian LLP in Bala Cynwyd.
U.S. District Court for the Eastern District of Pennsylvania case number 2:17-cv-04441-JHS