Gibbons’ lawsuits, Boswell’s fund-raiser, Strentz’s sign
Jim Gibbons has signed on as chief deputy and director of business services in the office of Secretary-of-State-elect Matt Schultz. The former Iowa State wrestling coach brings some unusual credentials to the job.
Credential No. 1: Gibbons worked for Edward D. Jones & Co., the brokerage house, from April 23,1996, until August 6, 2004, when he resigned without notice and, according to court documents, “immediately joined a competitor,” Wachovia Securities. According to a lawsuit filed against him by Jones, Gibbons, “while still employed by Edward Jones, conspired with Wachovia to wrongfully convert Edward Jones’ records and to secretly divert Edward Jones’ customers to Wachovia,” which allegedly violated the terms of his employment contract. Neither Gibbons nor his attorney showed up for a court hearing, and on Sept. 21, 2004, the Dallas County district court found that Gibbons “has breached and continues to breach” his contract with Jones, and the court “enjoined and restrained” him from using Jones records or soliciting Jones customers. Perhaps because of a settlement, the case was dismissed two-and-a-half years later.