A federal district court in Chicago has agreed to grant Aon PLC a partial injunction in disputes it filed last year accusing five former employees of joining a rival company of trade secrets, including accusations.
The former employees who had worked in Aon's equities division joined San Francisco-based Infinite Equity Inc., a professional services firm, in June 2019, according to court papers in Aon PLC and Aon Group Inc. v. Infinite Equity, Inc. .; Terry Adamson; Jon Burg, Daniel Coleman, Elizabeth Stoudt and Tyler Evans.
A judge at the U.S. District Court in Chicago granted Aon's request for a preliminary injunction on Wednesday regarding the broker's abuse of trade secrecy claims related to Aon's valuation models and confidential customer information recognized as trade secrets, but denied its motion regarding the remainder of Aon's claims.
On the valuation models, the judgment stated that the evidence “shows strong evidence that the valuation models are trade secrets and the defendant's argument to the contrary is convincing. "
Aon" has shown a reasonable probability of success in demonstrating "Aon's valuation models were acquired with" incorrect funds ", it was stated in the judgment. information on several occasions to target or convert Aon clients for Infinite, the court may conclude (1
The highly detailed opinion judged Aon on other issues. Due to its breach of the fiduciary requirement, for example, the judgment states: "Since Aon has not shown that the defendant actually started competing with Aon while still employed, Aon has not shown a likelihood of success on the merits with respect to this aspect of its breach of trust. ”
Infinite Equity litigation against Aon in the state of California, San Francisco, in February 2020, in Infinite Equity Inc., et al., v. Aon PLC, prosecuted including unfair and fraudulent business practices and practices.
Lawyers in the case did not respond to a request for comment.