LOS ANGELES – A Pasadena broker-dealer in securities alleges a former employee residing in Ventura County unlawfully used confidential information and trade secrets.

Wescom Financial Services LLC filed a complaint on March 10 in the U.S. District Court for the Central District of California against Steven P. McCormick alleging misappropriation of trade secrets, breach of written contract and other counts.

According to the complaint, the plaintiff alleges that on Oct. 28, 2016, the defendant resigned from his employment with the plaintiff and joined a competitor. The suit states the defendant had signed a confidentiality and nondisclosure agreement as part of his employment. The plaintiff holds McCormick responsible because the defendant allegedly contacted and solicited plaintiff's clients to transfer their assets and business to his own new firm, in direct disregard of the signed confidentiality agreement.

The plaintiff requests a trial by jury and seeks judgment in its favor, injunctive relief, destruction of all confidential documents, compensatory damages, expenses, profits, attorneys' fees and other relief that the court deems just. It is represented by Randall A. Miller and Steven S. Wang of Miller Law Associates APC in Los Angeles.

U.S. District Court for the Central District of California, Western Division Case number 2:17-cv-01928

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U.S. District Court for the Central District of California Western Division
312 North Spring Street
Los Angeles, CA - 90012

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