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And the battle continues ... Russell, Utah sue Wellington over noncompete clause

Authors :
Sakelaris, Linda
Source :
Pensions & Investments. April 6, 1998, Vol. 26 Issue 7, p2, 2 p.
Publication Year :
1998

Abstract

Utah Retirement Systems and Frank Russell Co. are suing Wellington Management Co. to allow former partner Arnold Schneider to continue to work with them. If the non-compete agreement is maintained, Utah and Russell want $1 billion in damages each. Utah estimates it will cost $9 million to move its $500 million account and Russell estimates it will cost $20 million to move its $1 billion account.

Details

ISSN :
10504974
Volume :
26
Issue :
7
Database :
Gale General OneFile
Journal :
Pensions & Investments
Publication Type :
Periodical
Accession number :
edsgcl.20473336