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Gallagher Reaches Confidential Agreement with Edgewood Partners Over Pending Suit

Posted on 09 Jan 2009

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Arthur J. Gallagher & Co. today announced that Gallagher and Edgewood Partners Insurance Center ('EPIC') have reached a mutually agreeable and confidential resolution to Gallagher's pending lawsuit.

Itasca, Ill.-based Gallagher sued Edgewood Partners Insurance Center last year following the departure of roughly 50 employees from its San Ramon, Calif., office who resigned to join San Mateo, Calif.-based Edgewood.

Gallagher contended in its lawsuit that Edgewood co-founders Dan F. Francis and John G. Hahn and nearly two dozen former Gallagher employees engaged in a conspiracy in which the former Gallagher employees left and solicited other Gallagher employees to leave with them. It further alleged that the defendants misappropriated Gallagher's confidential and proprietary data and used the information to solicit Gallagher's clients for Edgewood.