Private Bank – Restrictive Covenant Claims

An international private bank in obtaining a temporary restraining order and preliminary injunction enforcing non-competition and non-solicitation restrictive covenants against a team of private bankers, responsible for $4 billion in assets, who breached obligations when they resigned en masse to join a competing bank. Following an evidentiary hearing, the court fully enforced the restrictive covenants and enjoined the defendants until the expiration of the non-competition and non-solicitation periods.