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ALLIANT INS. SERVICES, INC. v. GADDY

No. C055192.

72 Cal.Rptr.3d 259 (2008)

159 Cal.App.4th 1292

ALLIANT INSURANCE SERVICES, INC. et al., Plaintiffs and Respondents, v. G. Scott GADDY, Defendant and Appellant.

Court of Appeal of California, Third District.

February 7, 2008.

Attorney(s) appearing for the Case

Grobaty & Pitet, Christopher L. Pitet, Sommer A. Salam, Newport Beach; Adorno, Yoss, Alvarado & Smith and Theodore E. Bacon, Santa Ana, for Defendant and Appellant.

Musick, Peeler & Garrett, James W. Miller and Cheryl A. Orr, Los Angeles, for Plaintiffs and Respondents.

SIMS, J.

Respondent Alliant Insurance Services, Inc. (Alliant) is an insurance brokerage business that obtains insurance for construction companies. In 2004, Alliant purchased a competing insurance brokerage, Gaddy Ward & Company Insurance Brokers (GWC), for $4.1 million. Pursuant to the purchase of the business, appellant G. Scott Gaddy, the majority shareholder in GWC, agreed in writing "to refrain from carrying...

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