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The parties agreed to a “mutual resolution of all claims”, noted Guy Carpenter’s legal counsel.
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The broking giant also resolved its case against four former employees who left for the smaller rival.
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A hearing on the settlement has been pushed back seven times since it was first placed on the bankruptcy court's calendar for September. -
The Hollywood mogul is said to have reached a settlement for the civil cases filed against him.
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Former Burns & Wilcox employees in Colorado, North Carolina and Louisiana allege that the restrictions are unenforceable.
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The payout would remove a major obstacle to the settlement of $11bn in insurance subrogation claims.
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The broking giant alleges the founders of Infinite Equity stole trade secrets and violated fiduciary responsibilities.
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The BB&T-owned broker said its rival’s legal case and demand for a restraining order are driven by a “grudge” against a former employee.
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The broker said Carson and CRC launched a “frontal assault” on its business that won’t end without court intervention.
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The lawsuit is over the departure of 13 employees who defected to NFP earlier this year.
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An unsuccessful appeal against the claim by 23 former UK executives could encourage similar actions by ex-employees in the US.
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The dispute is the fourth such case filed against the insurer in recent months.
