Merrill Lynch, Pierce, Fenner & Smith, Inc. v. Reese M. Stidham, Iii, H. Paige Scarborough and John A. Bruner

JAMES C. HILL, Circuit Judge:

Merrill Lynch, Pierce, Fenner & Smith, Incorporated (hereinafter Merrill Lynch) brought this action in United States District Court, Middle District of Georgia, to enjoin Reese M. Stidham, III, H. Paige Scarborough, and John A. Bruner (hereinafter defendants) from violating noncom-petition and nondisclosure terms in their respective employment contracts. The district court granted the injunction which we vacate in part and affirm in part, 506 F.Supp. 1182.

I

Defendants Stidham, Scarborough, and Bruner were employed by Merrill Lynch on December 30, 1974, March 14,…