Banking,
Antitrust & Trade Reg.
Nov. 25, 2024
Citibank claims former executives solicited its law firm clients
A trade secrets complaint accuses the executives of taking the business to their new employer, BMO Wealth Management.
Citibank N.A. accused two former banking executives from its law firm division of misappropriating Citibank's client information and soliciting employees to join their new employer, BMO Wealth Management.
According to the complaint, filed in the Northern District of California on Nov. 20, John Mitchell and Benjamin Carr solicited "virtually all" of the employees from Citibank's Law Firm Group "to resign in concert" with them on July 19 to move to BMO...
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