Allstate Sues Ameriprise for Allegedly Stealing Confidential Information through Recruitment

Posted on September 14th, 2017 at 11:30 AM
Allstate Sues Ameriprise for Allegedly Stealing Confidential Information through Recruitment

From the Desk of Jim Eccleston at Eccleston Law LLC:

Allstate Insurance Co. has filed a lawsuit in the U.S. District Court for the Northern District of Illinois against Ameriprise for violations of the Defend Trade Secrets Act, tortious interference with business relationships and unfair competition. According to Allstate’s lawsuit, Ameriprise stole confidential information from the company by recruiting the insurance company's salespeople, known as "exclusive financial specialists."

More specifically, Allstate alleges that Ameriprise encouraged Allstate sales agents, who had the intention of moving to Ameriprise, to create contact lists from customer information, use flash drives and portable electronic devices to download client data, and then solicit Allstate clients.

According to Allstate, the states in which Ameriprise was soliciting Allstate salespeople were: Arizona, Kansas, Louisiana, Nevada, New Jersey, Illinois, New York and Pennsylvania.

The attorneys of Eccleston Law LLC represent investors and advisors nationwide in securities and employment matters. The securities lawyers at Eccleston Law also practice a variety of other areas of practice for financial advisors including Broker Litigation & ArbitrationStrategic Consulting ServicesRegulatory  MattersTransition Contract Review, and much more. Our attorneys draw on a combined experience of nearly 65 years in delivering the highest quality legal services. If you are in need of legal services, contact us to schedule a one-on-one consultation today.

Related Attorneys: James J. Eccleston

Tags: Jim Eccleston, Eccleston Law, Eccleston Law LLC, Eccleston, Allstate, Ameriprise

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As a financial advisor with over 20 years of experience, I feel fortunate to call Jim my attorney and friend. He is a fantastic lawyer and trusted advisor. He is skilled in the matters necessary to do the job well. He uses his thoughtful approach and calm demeanor to achieve a positive outcome for the client. If you want to feel confident that nothing will be missed and that you will be represented in a highly professional manner, call Jim Eccleston.

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