Employee Raiding and Recruitment Strategies

Financial Institutions

  • Print This Page Email This Page

With companies facing challenges in top-line growth, aggressive recruitment strategies are becoming more prevalent among financial institutions and other businesses seeking to recruit or retain top producers, high level executives or other talented employees. Some of these strategies may lead to claims of employee raiding in which a firm asserts a substantial economic loss due to the migration of employees to a rival firm. Stevens & Lee provides counsel proactively and reactively to those financial institutions and other businesses pursuing talent, as well as those defending against potential claims that a raid has occurred.

Whether an entire team of employees has been recruited or just one or two high-earning professionals have been hired, the financial firms or businesses involved on either side of these transitions require effective counsel to navigate complex regulatory and legal challenges. Stevens & Lee has extensive experience with employment disputes and litigation in this arena, including:

  • Restrictive covenant issues
  • Non-competition agreements
  • Non-solicitation agreements
  • Employment transition counseling
  • Employee agreements
  • Severance agreements
  • Misappropriation or theft of confidential or trade secret information

Our team has litigated and arbitrated cases in numerous jurisdictions at both the state and federal level, regularly appearing before FINRA, the EEOC and various state civil rights agencies. In addition to providing comprehensive services concerning employee raiding and recruiting, we also have extensive experience litigating and counseling individuals, medical practices and practitioners, small to mid-sized companies and Fortune 500 companies on a variety of issues that arise with restrictive covenants and the theft of trade secrets or other confidential business or personal information.

Steven J. Adams

Shareholder

sja@stevenslee.com

vcard

Reading: 610.478.2133

Jacob E. Ballarotto

Associate

jeb@stevenslee.com

vcard

Princeton: 609.243.6438

Mark D. Bradshaw

Shareholder

mdb@stevenslee.com

vcard

Harrisburg Market Square: 717.255.7357

Megan M. Christensen

Shareholder

mmc@stevenslee.com

vcard

Princeton: 609.987.5330

Timothy F. Demers

Of Counsel

tfd@stevenslee.com

vcard

Reading: 610.478.2167

Kenneth R. Dugan

Shareholder

krd@stevenslee.com

vcard

Reading: 610.478.2163

Mark C. Franek

Associate

mcf@stevenslee.com

vcard

Valley Forge: 610.205.6029

Sunjeet S. Gill

Shareholder

ssg@stevenslee.com

vcard

Valley Forge: 610.205.6076

Philadelphia: 610.205.6076

Charles F. Harenza

Shareholder

cfh@stevenslee.com

vcard

Reading: 610.478.2091

Craig A. Hirneisen

Associate

cah@stevenslee.com

vcard

Reading: 610.478.2229

Edward C. Hogan

Shareholder

ech@stevenslee.com

vcard

Princeton: 609.243.6434

Daniel B. Huyett

dbh@stevenslee.com

vcard

Philadelphia: 215.751.1956

Reading: 610.478.2219

Wesley R. Kelso

Shareholder

wrk@stevenslee.com

vcard

Lancaster: 610.478.2242

Christine M. Kovan

Counsel

cmk@stevenslee.com

vcard

Valley Forge: 610.205.6038

E. David Krulewicz

Associate

edk@stevenslee.com

vcard

Princeton: 609.243.6430

Thomas B. Lewis

Shareholder

tbl@stevenslee.com

vcard

Princeton: 609.987.5335

James B. Longacre

Shareholder

jbl@stevenslee.com

vcard

Reading: 610.478.2293

Lisa M. McElligott Miller

Shareholder

lmm@stevenslee.com

vcard

Reading: 610.478.2192

Bradley L. Mitchell

Shareholder

blm@stevenslee.com

vcard

Princeton: 609.987.6680

New York: 646.254.6385

Edward C. Renenger

Shareholder

ecr@stevenslee.com

vcard

Reading: 610.478.2238

Eric M. Robinson

Shareholder

emr@stevenslee.com

vcard

New York: 212.537.0408

Frank C. Sabatino

Shareholder

fcs@stevenslee.com

vcard

Philadelphia: 215.751.2884

Charles C. Scheim

Shareholder

ccs@stevenslee.com

vcard

Reading: 610.478.2282

Paul H. Schieber

Shareholder

phs@stevenslee.com

vcard

Valley Forge: 610.205.6040

Neil C. Schur

Shareholder

ncsc@stevenslee.com

vcard

Philadelphia: 215.751.1944

Jonathan A. Scobie

Associate

jasc@stevenslee.com

vcard

Princeton: 609.987.6656

David W. Swartz

Shareholder

dws@stevenslee.com

vcard

Reading: 610.478.2184

William P. Thornton, Jr.

Shareholder

wpt@stevenslee.com

vcard

Philadelphia: 215.496.3820

Reading: 610.478.2020

Adam M. Zuidema

Associate

amz@stevenslee.com

vcard

Reading: 610.478.2155

Related News

Related Resources