Three former Guy Carpenter & Co. LLC executives who left the company in March to join Lockton Cos. LLC submitted a partial evidence to reject the disputes made against them by the reinsurance broker on Wednesday.
Meanwhile, on Tuesday, the three chiefs' lawyer said in a letter to the US District Court in New York that they would like to engage in "meaningful discussions" with the reinsurance mediator to settle claims in the disputes that were returned to them.
David Elsberg, CEO of Selendy & Gay PC in New York, also said in the letter Tuesday that Judge Paul A. Engelmayer, of the US District Court in New York, that the plaintiff and the defendants have agreed to convert "without limitation "May 30 temporary punishment against the three men ̵1; Timothy Gardner, Nicholas Durant and Claude Yoder – for a preliminary ban.
Tuesday's memorandum in Guy Carpenter & Co. and Marsh & McLennan Cos v. Timothy Gardner, Nicholas Durant and Claude Yoder, filed in support of a partial justification for rejecting the complaint, say the complaint "ignores the general terms of the (restrictive agreements) – and the strong policy in the New York law that favors competition and requires that restrictive restrictive federations be read tightly. a Guy Carpenter employee.  "The reality is that Guy Carpenter's attempt to limit Durant and Mr. Yoder to perform work for Client A is an attempt to stifle fair competition," the memorandum says.
It is said that Lockton Res's UK affiliate has "independently attempted to develop Client's international reinsurance market placement business for months in response to the client's desire to have two reinsurance brokers representing it. with Jardine Lloyd Thompson ("JLT") as a result of widespread employee dissatisfaction with the transaction, and the prospect of working for the combined organization does not support a claim against the defendant, memorandum says.
It is also stated that the plaintiffs have not argued that the defendants have violated the restrictive union of not requesting Guy Carpenter's customers and by requesting each other and Guy Carpenter's employee.
restrictive agreement limited Mr. Durant from requesting only Guy Carpenter employees with whom he had been in contact for the past two years, and the plaintiff "has not sufficiently claimed (the employee) meets that description as Durant."
memorandum also denies senior executives violate their obligation to the plaintiff.
Spokesmen for Lockton and Guy Carpenter had no comments.