One of Australia’s largest broker networks settled a claim against former employees in the Supreme Court of Tasmania last week following mediation between parties.
Arthur J. Gallagher (AJG) commenced proceedings in December 2014 against two former employees, Timothy Hadrill and Gregory Lewer, and their current employer Tasmania Insurance Brokers for breaching their restraint of trade obligations.
AJG sought damages from Hadrill, Lewer and Tasmanian Insurance Brokers for the loss it suffered from Hadrill and Lewer’s failure to comply with their obligations set out in their employment agreements.
AJG Chief Executive Andrew Godden says: “We are pleased that this litigation has been resolved on a positive note. We consider it critical that our former employees comply with their ongoing restraint of trade obligations to us.”
“We will take steps, including commencing litigation, if we consider that former employees have breached these ongoing obligations.”
The settlement sum and the terms of the agreement have not been disclosed.