Law360, New York (January 26, 2011, 5:31 PM ET) -- The Tenth Circuit on Wednesday tossed a $3.6 million punitive damages award against American National Insurance Co. for allegedly poaching insurance agents from the Utah office of rival Farm Bureau Life Insurance Co.
But the U.S. Court of Appeals for the Tenth Circuit refused to throw out an identically-sized compensatory damages award, leaving American National on the hook for $3.6 million. A jury had initially recommended $62 million in punitive damages.
The suit involves Darrin Ivie, who worked for Farm Bureau from 1987 to 2003 and...
10th Circ. Nixes $4M In Damages Over Poached Agents
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