Allstate sues Ameriprise for allegedly stealing client information
August 23, 2017 by Bruce Kelly
Allstate Insurance Co. is suing Ameriprise Financial in a spat alleging Ameriprise is stealing Allstate’s confidential information by recruiting the giant insurance company’s salespeople, known as “exclusive financial specialists.”
Ameriprise is allegedly encouraging the Allstate sales agents to create contact lists from customer information, use flash drives and portable electronic devices to download client data, and then solicit Allstate clients once they quit and move to Ameriprise, according to the complaint.
Allstate leveled those allegations at Ameriprise in a lawsuit filed August 10 in U.S. district court, northern district of Illinois. The complaint alleges violation of the Defend Trade Secrets Act, tortious interference with business relationships and unfair competition.
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