The Business Department of Payne & Fears handles litigation and transactions for a broad spectrum of clients, including large and small corporations, large and small companies and partnerships, directors and officers of corporations and companies, and individuals. Our clients come from many different industries and by understanding the nuances of an industry, we can provide knowledgeable counsel and the best possible service to our clients in both trial and appellate proceedings in state and federal courts, in arbitration, and before administrative agencies. Our major areas of expertise include:

Successes

Sep 26

Payne & Fears LLP Wins TRO Against Former E*TRADE Employee

Payne & Fears LLP client E*TRADE was granted a temporary restraining order by the federal district court in Chicago, barring a former employee—a financial consultant—from using confidential information to solicit E*TRADE’s clients away from the provider and to her new employer, Morgan Stanley. 

In the case E*TRADE Financial Corp. v. Pospisil, evidence showed that the former employee accessed E*TRADE’s customer data shortly before she left the firm. The court deemed it reasonable to infer that she accessed it in order to use the information in her new job after leaving E*TRADE. It was discovered that the former employee had contacted E*TRADE clients, and at least four had transferred their business to Morgan Stanley. According to the court, it appeared undisputed that E*TRADE had taken reasonable measures to ensure the confidentiality of its customer information. E*TRADE also was likely to establish that it was irreparably harmed by the loss of client accounts and that without emergency injunctive relief, the former employee will continue to divert E*TRADE clients to Morgan Stanley.

E*TRADE was defended by Rod Sorensen, Rhianna Hughes, Alejandro Ruiz and Blake Dillion.

This case was also featured in the following publications:

Practice areas: Labor and Employment Litigation, Trade Secret and Unfair Business Practices, Business Litigation, Intellectual Property

Attorneys: Alejandro G. Ruiz, Blake A. Dillion, Rhianna S. Hughes, Rod Sorensen

Sep 26

Payne & Fears LLP Wins TRO Against Former E*TRADE Employee

Payne & Fears LLP client E*TRADE was granted a temporary restraining order by the federal district court in Chicago, barring a former employee—a financial consultant—from using confidential information to solicit E*TRADE’s clients away from the provider and to her new employer, Morgan Stanley. 

In the case E*TRADE Financial Corp. v. Pospisil, evidence showed that the former employee accessed E*TRADE’s customer data shortly before she left the firm. The court deemed it reasonable to infer that she accessed it in order to use the information in her new job after leaving E*TRADE. It was discovered that the former employee had contacted E*TRADE clients, and at least four had transferred their business to Morgan Stanley. According to the court, it appeared undisputed that E*TRADE had taken reasonable measures to ensure the confidentiality of its customer information. E*TRADE also was likely to establish that it was irreparably harmed by the loss of client accounts and that without emergency injunctive relief, the former employee will continue to divert E*TRADE clients to Morgan Stanley.

E*TRADE was defended by Rod Sorensen, Rhianna Hughes, Alejandro Ruiz and Blake Dillion.

This case was also featured in the following publications:

Practice areas: Labor and Employment Litigation, Trade Secret and Unfair Business Practices, Business Litigation, Intellectual Property

Attorneys: Alejandro G. Ruiz, Blake A. Dillion, Rhianna S. Hughes, Rod Sorensen