AAA Insurer Sues Rival Over Trade Secrets

Law360, New York (May 11, 2007, 12:00 AM EDT) -- A California insurer affiliated with the American Automobile Association has sped into a head-on legal collision with a rival auto insurance company which allegedly stole trade secrets by hiring its employees.

The California State Automobile Inter-Insurance Bureau filed a lawsuit last month in the Superior Court of California, County of Alameda against Webster, Mass.-based Commerce Group Inc. and its affiliates after it hired away four of the CSAA's employees, according to a Commerce SEC filing on Thursday.

The CSAA alleges that Commerce misappropriated trade secrets, interfered...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.