Freeborn secured another major victory for its client Brown & Brown, Inc., against AssuredPartners Inc. (AP) in a lawsuit over violations of the restrictive covenants of former Brown & Brown employees hired by AP. On March 1, a day before the defendants were to appear before Judge Christopher France of the Seventh Judicial Circuit in Volusia County, Fla., to show cause why they should not be held in contempt for their repeated violations of the court’s temporary injunction issued against AP on Oct. 24, 2016, the parties announced a monumental settlement whereby the defendants shall immediately transfer $20 million to Brown & Brown, and are barred from hiring any further Brown & Brown employees, nationwide, for a period of time. This settlement is one of the largest reported nationwide in a restrictive covenants case. Freeborn Co-Managing Partner Michael J. Kelly and Katheleen A. Ehrhart, members of the Litigation Practice Group, represented Brown & Brown in the case. The settlement was reported by media outlets including Law360, Reuters, Business Insurance, Insurance Insider and Daytona Beach News-Journal. To read the news release, click here.
To read the Business Insurance story, click here.