SAN JOSE, Calif., Aug. 5 -- Comerica Incorporated today advised that the Superior Court for San Francisco County, California, issued a temporary restraining order ("TRO") on August 1, 2005, against Commercial Capital Bank, its holding company Commercial Capital Bancorp, Inc., and former Comerica employees who joined Commercial Capital from Comerica's Western Market-based Financial Services Division. The TRO was granted following the filing by Comerica of a multi-count complaint against Commercial Capital Bank and the other parties seeking injunctive and other relief.
The TRO prohibits Commercial Capital Bank, Commercial Capital Bancorp and the former Comerica employees from using, destroying, concealing and/or disclosing any of Comerica Bank's confidential, proprietary or trade secret information regarding Comerica's customers and employees, among other things.
"This temporary restraining order recognizes and protects Comerica's rights and the privacy and other rights of our customers and employees," said Jon Bilstrom, executive vice president, Governance, Regulatory Relations & Legal Affairs, Comerica Incorporated.
Peter Bertrand of Buchalter Nemer Fields & Younger, San Francisco, represents Comerica in this matter.
Comerica's Western Market includes 51 branch offices in key California markets, including San Francisco and the Peninsula, San Jose, Los Angeles, Orange County, San Diego, Fresno, Sacramento, Santa Cruz/Monterey, and Walnut Creek, with a regional office in Phoenix, Ariz.
