In the latest salvo in a long-running legal dispute stemming from a classic raid by a competitor upon a commercial insurance broker’s business and employees, a New York appellate court has refused to dismiss a New York lawsuit in favor of a prior-filed California lawsuit which has already addressed many of the same issues.
Continue Reading Battle Rages On In Epic Restrictive Covenant Dispute
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New York Court Finds Damage to Reputation of Commercial Insurance Broker Constitutes Irreparable Harm and Bars Solicitation of Broker’s Clients and Employees
By David J. Clark on
Posted in Non-Solicit Agreements
In a recent New York case, a commercial insurance broker whose business and employees had been raided on a substantial scale by a former employee and competitor was awarded a preliminary injunction barring the former employee, the competing company, and certain other former employees from soliciting business from the broker’s clients, and from soliciting other employees of the broker to join the competitor. The Court’s finding of irreparable harm was premised on reputational harm and loss of confidence in the marketplace suffered by the broker due to the perception that the broker was badly “wounded” by the extent of the raid.
Continue Reading New York Court Finds Damage to Reputation of Commercial Insurance Broker Constitutes Irreparable Harm and Bars Solicitation of Broker’s Clients and Employees