Goldman Sachs Inc. has discontinued legal action again seven former employees of the bank who left Sachs private wealth management sector to join Credit Suisse Group. The New York based bank had filed a suit at federal court in Atlanta on Wednesday. Only two days later, Goldman lawyers submitted a voluntary notice of dismissal to the court.
According to the filings, the employees, who were based in the bank’s Atlanta offices, allegedly endeavored to convince several clients to abandon their Goldman accounts for Credit Suisse. The employees in question, Andrew Thompson, David Greene, Craig Savage, Sharran Srivatsaa, John Pitt, Stephanie Dennard and Kim Tyson also had restraining order filed against them to prevent them from poaching further clients.
Goldman’s dismissal of the case was performed without prejudice, meaning if for any reason the company had cause to bring the case up again at a later date, it would have that right.
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