Firm denies inducing Goodbody executives to quit

The High Court has today been told that alleged confidentiality breaches surround the departure of three senior staff from Goodbody Stockbrokers.

The three employees are relocating to investment managers Tilman Brewen Dolphin, which is trying to stop Goodbodys from pulling the plug on a services contract, vital to its business.

The High Court has heard that Tilman Brewen Dolphin deny Goodbody's claims that they induced three senior personnel to leave the stockbrokers last July and join their ranks.

They also deny that they have received or sought confidential material from their new employees. One, Suzanne Cashin, is alleged to have copied sensitive information prior to leaving the stockbrokers.

The two firms enjoy a service agreement under which Goodbody trades shares on behalf of Tilman's 1,250.

However, the asset management company is in court having received a termination notice on the contract on August 15.

They say if the deal ends they will not be able to conduct business on behalf of their clients and they argue the move by Goodbody is driven by the defection of its staff.