Arthur J. Gallagher settled its raiding suit against Edgewood Partners Insurance Center (EPIC) with both parties saying they reached a mutually agreeable and confidential resolution to the matter.

Itasca, Ill.-based insurance broker Gallagher sued EPIC, based in San Mateo, Calif., after 49 employees left Gallagher’s California offices to go to work for EPIC in late 2007, according to filings with the U.S. District Court, Northern District of California in San Francisco.

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