BUSINESS
04/05/2008 05:12 am ET Updated May 25, 2011

Morgan Stanley Barred From Hiring Ex-Bear Employees

A U.S. federal judge has temporarily blocked a former senior Bear Stearns Cos (BSC.N) executive from jumping to Morgan Stanley (MS.N) and recruiting clients and colleagues to follow him.

U.S. District Judge Nathaniel Gorton in Boston issued the order against Douglas Sharon on Thursday, 10 days after the former Bear executive director resigned, court papers show.

The judge concluded that Bear was likely to succeed on the merits of the case and, absent relief, would suffer irreparable harm.

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