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MERRILL LYNCH, PIERCE, FENNER & SMITH INC. v. RAN

No. 99-CV-60555-AA.

67 F.Supp.2d 764 (1999)

MERRILL LYNCH, PIERCE, FENNER & SMITH INC., Plaintiff, v. Gary L. RAN, Andrew M. Israel, Robert A. Stone, and Lyle M. Wolberg, Defendants.

United States District Court, E.D. Michigan, Southern Division.

September 30, 1999.

Attorney(s) appearing for the Case

Stephen K. Postema, Bodman, Longley, Ann Arbor, MI, Joseph A. Dougherty, Rubin & Associates, P.C., (argued), Paoli, PA, for Merrill Lynch.

S. Thomas Weinner, Seth Gould, Bloomfield Hills, MI, for Ran, defendant.

Gary M. Saretsky, Bloomfield Hills, MI, for proposed intervenor.

OPINION AND ORDER GRANTING PLAINTIFF'S MOTION FOR PRELIMINARY INJUNCTION

STEEH, District Judge.

This action arises out of the conduct of four stockbrokers who jointly resigned from Merrill Lynch on the Friday of Labor Day Weekend to join one of the firm's competitors, Paine Webber. Defendants spent the holiday weekend using confidential client information, which they absconded with, to carry out an orchestrated and pre-planned solicitation of more...

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