NU Online News Service, June 23, 3:35 p.m. EDT
A U.S. District Court judge has elected not to grant an injunction requested by wholesale broker CRC Insurance Services Inc. against former employees now with competitor Ryan Specialty Group's R-T Specialty of Illinois, LLC (RTS).
Judge James B. Zagel, sitting in the Northern District of Illinois, found that CRC, a subsidiary of BB&T Corp., is and will continue to be harmed by the fact that 120 employees in May left the company's Chicago office to join the RTS brokerage, part of the group started by Aon Corp. founder Patrick G. Ryan.
However, the judge found that while CRC would indeed suffer a loss to business from the exodus, it would not go out of business without an injunction.
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