Corporate Law News

Edelman Financial Gets Order for Ex-Employees to Stop Work

Jan. 28, 2019, 7:55 PM

Edelman Financial Engines LLC has, at least temporarily, stopped two former employees from soliciting and taking away its customers.

Erik Harpsoe and Brian K. Fowles will also have to return any documents they took from the financial-planning giant and pay $100,000 as security, the U.S. District Court for the District of Kansas said Jan. 25.

It granted the company a 14-day temporary restraining order.

The company filed the suit Jan. 17, the same day the men resigned and announced their new company.

The pair beat Edelman to the courthouse, filing their own action for a declaratory judgment in a federal...

To read the full article log in. To learn more about a subscription click here.