The News: Quants Face Legal Perils

Citadel sues former employees who set up Teza Tech [Reuters]

Non-compete agreements are at issue in the hedge fund's suit against three quant wizards who founded the same fim that hired Sergey Aleynikov, the Goldman Sachs programmer arrested last week for allegedly stealing Goldman's proprietary trading software.

Citigroup shuffles executives, former CFO leaving [AP]

Oppenheimer Continues Taxable Fixed Income Trading Buildout - Ed Tappan Joins Firm as Head Agency Mortgage Trader [Oppenheimer & Co., via PRN]

Wells Fargo Names Seaton Head of Sustainable Public Infrastructure Based in New York [Wells Fargo, via BW]

Morrison & Foerster Adds Leading Securitization and Covered Bond Expert to New York Office [Morrison & Foerster, via PRN]

CoBiz Announces New Bank Market Presidents [CoBiz Financial, via PRN]