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Posted AT 9:38 PM EST on 05/01/05

CIBC sues six former employees

SINCLAIR STEWART

From Thursday's Globe and Mail

Canadian Imperial Bank of Commerce is suing six former employees who have departed for upstart Genuity Capital Markets, alleging they took confidential information and masterminded a “secretive, well-orchestrated and calculated scheme” to recruit colleagues and launch a rival brokerage while they were still working for the bank.

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