Hartford Claims Ex-Exec Raided Lucrative Division

Law360, New York (July 6, 2009, 12:00 AM EDT) -- The Hartford Financial Services Group Inc. has taken aim at a rival insurer with a misconduct lawsuit that accuses a highly placed executive of jumping ship with the intent of using trade secrets to steal away the Connecticut-based insurance giant's business.

The lawsuit, filed Thursday in the in the Supreme Court of the State of New York, claims that Hartford Senior Vice President David McElroy announced his retirement and took a large compensation package, only to join defendant Arch Insurance Group Inc. a week later as...
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