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Investment information deemed trade secrets under California law in Citibank lawsuit

By Nick Robertson ( November 27, 2024, 19:39 GMT | Insight) -- Certain information relating to a firm's investment clients, including their holdings and cashflow, is considered a trade secret under California law, a California federal judge ruled. Citibank sued two of its former employees for allegedly taking trade secrets from the company when the left for a rival firm last month. US District Judge Charles Breyer granted a temporary restraining order against one of the employees.US District Judge Charles Breyer granted Citibank’s request for a temporary restraining order against one of its former employees yesterday over claims that he took the company’s trade secrets to a rival firm, finding that Citi’s investment information are considered secrets....

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