A temporary restraining order against 16 former BARRA RogersCasey employees was partially lifted today. U.S. District Court Judge Jed S. Rakoff in New York lifted part of the order that barred the employees, now part of Rocaton Investment Advisory, from soliciting business from their former clients.
However, Judge Rakoff granted CRAs request for a preliminary injunction on disparagement, misuse of company property and soliciting former employees. He ordered attorneys on both sides to submit documents for final hearing on the three remaining elements of the preliminary injunction no later than Oct. 15.
"This is a big win for us. We are incredibly excited. We wish CRA the best, said David Katz, Rocaton head of client service/marketing.
Kevin R. Greene, chairman of Capital Resource Holdings, parent of CRA RogersCasey, did not return calls by press time seeking reaction to the courts decision.
Capital Resource Advisors acquired BARRA RogersCasey March 29.