Lockton, execs ordered to pay $3mn for breach of contract, aiding and abetting
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Lockton, execs ordered to pay $3mn for breach of contract, aiding and abetting

Lockton EVP Matthew Simmons was ordered to pay $1.9mn of the total award.

By Clark Mindock
July 23, 2024
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wooden hammer on dollar. close up

A Florida jury has hit Lockton and two former USI Insurance employees with a combined over $3mn verdict after finding the employees breached contractual obligations when they jumped ship to join the competing broker.

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Topics

News Legal Brokers Lockton USI Insurance Services
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