Allstate Gets Ex-Agent's $15M Contract Suit Scrapped

Law360, New York (January 23, 2013, 1:52 PM ET) -- A Kentucky federal judge on Monday tossed a former Allstate Corp. insurance agent's $15 million breach of contract suit over the company's alleged actions to replace him with a younger employee, saying the plaintiff could not prove that the contract he relied on actually exists.

Larry Stevens had claimed the company methodically severed its yearslong relationship with him in order to redirect his business to a newer, younger agent in a “hostile takeover” of Stevens' client base, which began when the company in 1999 terminated its...
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