Yeah, That’ll Work”  Department

Quickly perusing an unread, post-Christmas Wall Street Journal (yeah, I’m behind), I came across an article discussing a fight between Dynasty Financial Partners and Bank of America over client information that the former took from the latter.

In particular, this excerpt caught my eye:

A New York state judge granted a temporary restraining order against Dynasty, forcing them to return the client information.

–“New Battleground for Ex-Citi Rivals:  The Rich”; (The Wall Street Journal, 12/27/2010)

Somebody needs to tell the Judge — no Solomon — that information doesn’t exactly have the same properties as more corporeal stolen goods.

P.S.:  New York magnate Cornelius Vanderbilt had it right more than 150 years ago.  Informed while abroad about a group of disloyal lieutenants, Vanderbilt wired the following telegram:  “Gentlemen: You have undertaken to cheat me. I won’t sue you, for the law is too slow. I’ll ruin you.”

About the author

Ross Kaplan has 19+ years experience selling real estate all over the Twin Cities. He is also a 12-time consecutive "Super Real Estate Agent," as determined by Mpls. - St. Paul Magazine and Twin Cities Business Magazine. Prior to becoming a Realtor, Ross was an attorney (corporate law), CPA, and entrepreneur. He holds an economics degree from Stanford.

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