In a victory for Mellon Bank Corp., a U.S. district judge in Pittsburgh on Wednesday granted an injunction against Smith Barney Shearson, preventing the firm from administering mutual funds that Mellon contends were set up to compete directly with funds administered by Boston Co., an affiliate.

The injunction upholds Mellon's claims that Smith Barney Shearson violated a noncompete agreement when it set up its own funds similar to funds that were administered by Boston Co.

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