Investment firm sues 2 ex-employees who formed rival firm

Crime & Law
By Mark Fisher
Sept 17, 2015
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The Washington Twp. financial-planning and wealth-management firm Parker Carlson & Johnson filed a civil lawsuit in Montgomery County Common Pleas Court this afternoon, Sept. 17, claiming that two former employees violated employment and confidentiality agreements when they resigned last week to form a rival firm in Beavercreek.

The lawsuit against Sandra Pierce of Oakwood and Amy Barker of Centerville seeks a temporary restraining order, preliminary injunction and monetary damages in excess of $25,000. The Beavercreek branch office of San Francisco-based Parallel Advisors LLC, which the lawsuit says was formed by Pierce and Barker after they “abruptly resigned” on Sept. 11, is also named as a defendant in the lawsuit.

A message left for Pierce and Barker at the Beavercreek office of Parallel Advisors was not immediately returned.

Parker Carlson & Johnson, at 7812 McEwen Road, was launched as an investment counseling firm in 1982. Its lawsuit accuses Pierce, a former equity owner of the firm from 2002 through her departure last week, and Barker, who joined Parker Carlson as director of portfolio management in 2002, of “a brazen and blatant violation of trust, confidence and the Ohio Revised Code.”

The two “were executing a plan to steal information” from their then-employer since late July, and “surreptitiously copied numerous documents” after hours on Sept. 9, the lawsuit says. On Sept. 11, they resigned by leaving written notices on a colleague’s chair “and sneaking out through a side door,” the lawsuit says.

The case has been assigned to Montgomery County Common Pleas Judge Mary Wiseman.

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About the Author

Mark Fisher, a 1981 graduate of Ohio State University and a 1976 graduate of Beavercreek High School, is a third-generation Dayton-area resident who has worked for the Dayton Daily News since 1983. He covered higher education and K-12 education accountability issues for nearly 20 years before taking over the food and dining beat in 2006.