Charlesbank Capital Partners affiliate World Insurance Associates LLC sued a former mergers and acquisitions vice president for trade secrets violations and breaching his noncompete, and asked Delaware’s Chancery Court to prohibit him from starting his new job at Choice Financial Group.
Douglas Dellinger will inevitably disclose World Insurance’s confidential information related to its acquisitions of insurance brokerage companies that would allow competitor Choice to undercut its positions on deals, according to the complaint filed July 21.
World Insurance is a “leading insurance broker” whose primary driver of growth has been mergers and acquisitions, according to the complaint. Dellinger began ...
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