CRA RogersCasey obtained a temporary restraining order against employees of Rocaton Investment Advisory, the new consulting firm formed last week by 16 former senior employees of BARRA RogersCasey. Capital Resource Advisors purchased BARRA RogersCasey March 27. U.S. District Court Judge Jed Rakoff in New York tomorrow will consider CRA RogersCaseys request for a preliminary injunction.
The temporary restraining order, granted April 5, bars Rocaton employees from disparaging CRA RogersCasey, misappropriating confidential or proprietary information of the firm, soliciting its employees and soliciting its services to any RogersCasey client.
Kevin R. Greene, chairman of CRA parent Capital Resource Holdings, said in a written statement: "There is always attrition in deals like this For those who have left, we strongly encourage them not to violate their non-competes. We hope they choose to take the high road, as we have always done and will continue to do. He declined to speak on the record.
Rocaton employees are not subject to non-compete agreements from CRA RogersCasey, said Robin Pellish, managing partner and senior consultant.