Goldman Sachs Sues Two Ex-Executives Over Client Poaching – Bloomberg

Goldman Sachs Group Inc. sued two former vice presidents in the bank’s private wealth management unit in Chicago, claiming they poached clients for their own new investment advisory business. The two men, Jeffrey Friedstein and Joseph Page, gave notice on Friday they were quitting, Goldman Sachs said in a complaint filed Monday in New York state court. The bank then learned they had for months pursued a plan to set up their own company, Grey Street Capital LLC, and had persuaded two Goldman Sachs clients t

Source: Goldman Sachs Sues Two Ex-Executives Over Client Poaching – Bloomberg