Bloomberg Law
Aug. 21, 2023, 2:54 PM

Allstate-Ameriprise Trade Secrets Suit Gets Go Ahead for Trial

Peter Hayes
Peter Hayes

Allstate Corp. units may proceed to trial with claims that Ameriprise Financial Services Inc. misappropriated its trade secrets with help from independent contractors both companies used.

A reasonable jury could find “that Ameriprise may have said ‘don’t steal confidential information’ out loud, but its actions encouraged outgoing” contractors “to take as much as they could carry,” Judge Steven C. Seeger of the US District Court for the Northern District of Illinois said.

The Ameriprise Financial Inc. unit hired Allstate contractors and had them bring their client information with them, Allstate said. Hundreds of customers purchased insurance or a financial product ...

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