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We previously reported on the filing of a trade secret misappropriation case, Banc of America Securities, LLC, et al. v. Chalasani, in federal court in New York, Index No. 10 cv 7681, in which B of A sought injunctive relief against a former employee who downloaded and transferred electronically without permission proprietary trading strategies and other non-public information. B of A had announced reductions-in-force on September 21, 2010
