According to papers filed last week at the New York Supreme Court, four former Bank of America employees left the organization for another wealth management firm, and brought an unnamed number of customer databases with them.
The employees felt that they were entitled to the information in the databases based on a contact sharing protocol that many banks agree to during job negotiations. Bank of America denies agreeing to this protocol.
Further hearings on this case will take place in January. This case comes as Bank of America is rumored to be preparing for the posting of damaging leaked documents pertaining to the mortgage crisis, by the website WikiLeaks.
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