The Supreme Court of North Carolina on Friday confirmed the cancellation of some of the allegations filed by Wells Fargo Insurance Services USA Inc. against BB & T Insurance Services Inc. and three Wells Fargo employees who left the broker to join the BBT.
The Unanimous Judgments in Wells Fargo Insurance Service USA by Kevin Link partly said that Wells Fargo's nonsolicitation agreement was too broadly formulated.
Kevin Link, a leading sales manager, left Wells Fargo in October 2016 and left commercial insurance producer Nelson Raynor and marketing director Elizabeth Pack in April 2017, according to judgment.
USI Insurance Services LLC agreed to buy Wells Fargo Insurance Services 201
The verdict confirmed the cancellation of charges of "non-call for customer limitation" and "non-call of employee union" against Mr. Link and Raynor.
It is said that the term "company" is so broadly defined in its agreements "that it sweeps within its ambitious customers of broken Wells Fargo subsidiaries and subsidiaries that are not related to Wells Fargo's commercial insurance business and customer with whom Link and Raynor did not had no contact. "
The applicant" has not claimed to support a legitimate business interest in limiting Link or Raynor from seeking employees working for Wells Fargo's affiliate companies in any segment of banking, investment or urine industry operations ", says the court.
"It is highly unlikely that most of these employees would have been engaged or in contact with Wells Fargo's commercial insurance customers. The non-call of the contract of employment as written and unreasonable as a legal issue."
The Court stated that abuse of trade secret fee would not be dismissed. It concluded that "the allegations in this case, read generously, are minimally sufficient to put the armed forces on dismissal of the business secrets they allegedly misunderstood". It also did not reject claims against Mr. Link and Raynor for unfair and fraudulent trading practices, including movements that it governed in the case.
Attorney in the case could not immediately be reached for comment.
In the latest example of comparable disputes, Marsh LLC sued NFP Corp. for alleged poaching 13 former JLT Special Insurance Services Inc. Inc. real estate agents.