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Wells Fargo Accuses Former Lawyer of Taking Secrets to New Firm

Sept. 21, 2022, 5:29 PM

Wells Fargo accused a former senior in-house counsel of taking trade secrets and other confidential information to a competing financial services firm called DayMark Wealth Partners in a lawsuit filed Tuesday in Ohio federal court.

The complaint alleges that Steven Satter, an attorney who started at the Kenwood, Ohio, branch of Wells Fargo in 2008, oversaw a scheme to “take significant business from” the bank and coordinated the departure of seven employees to start DayMark.

DayMark and the other seven former employees aren’t defendants in the suit, which was filed in the US District Court for the Southern District of ...