International Venture Capital Post; IVC POST | Marc Castro Updated: May 04, 2013
Credit Suisse Group AG has filed suit against its former vice president for emerging markets group on the grounds she stole confidential documents and trade secrets prior to her transfer to Goldman Sachs.
The complaint was filed in Manhattan state court against Agostina Pechi claiming she had sent highly sensitive and confidential information and documentation to her personal email account months before her date of resignation. The information included databases, client contact information and team sales targets.
Credit Suisse called it an ‘after hours document raid’ when she scheduled to be on furlough when the alleged illegal acts were committed related to a longtime Credit Suisse client.
Pechi resigned on April 2 and had informed Credit Suisse’s HR Department that she had accepted a new position with competitor Goldman Sachs. As such, the bank conducted an internal investigation finding around sixty work emails sent to her personal email account. The next day, the said emails had been deleted and could not be recovered, according to the complaint.
The complaint read, “Upon information and belief, Pechi intends to use confidential Credit Suisse information to compete with Credit Suisse, and intends to provide this information to her new employer to specifically target Credit Suisse’s clients.”