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Exclusive: State Street takes legal action
25 June 2010
State Street has filed a complaint with the Suffolk Superior court, Massachusetts, against former employees Craig Starble, Peter Economou and Paul Lynch, Global Investor/isf can reveal.
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State Street Craig Starble
Peter Economou and Paul Lynch
State Street has filed a complaint with the Suffolk Superior court, Massachusetts, against former employees Craig Starble, Peter Economou and Paul Lynch, Global Investor/isf can reveal.
The Boston-based bank has submitted an action “for injunctive relief and damages against the defendants as a result of an employee raid that the defendants orchestrated and carried out,” says papers filed with the court.
Last Tuesday, eight senior executives at State Street, including Economou and Lynch, resigned from their positions. All eight are due to...
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