The moving party sought leave to appeal a decision dismissing its motion for an interlocutory injunction against a former investment adviser who joined a competing firm and contacted former clients.
The court granted leave to appeal under Rule 62.02(4)(a) of the Rules of Civil Procedure, finding that there were conflicting decisions regarding whether the loss of clients and damage to business reputation in the highly regulated financial services industry constitutes irreparable harm.
The court concluded it was desirable for an appellate court to clarify the law on this issue.
