Pension Advisory Group, Ltd. v. COUNTRY LIFE INSURANCE COMPANY
Plaintiffs Pension Advisory Group, Ltd., Paul Hinson, and Larry Walters, along with Third Party Plaintiff Diversified Growth Solutions, sued Country Life Insurance Company and its Vice President, Dale Hall. The lawsuit stems from an alleged breach of confidentiality, theft of trade secrets related to an innovative insurance product developed by Hinson, unfair competition, libel, business disparagement, theft, and tortious interference with prospective contracts. Plaintiffs claim they disclosed trade secrets to Defendants under a mutual confidentiality agreement, only for Defendants to later assert ownership of the product information and file a protest with the USPTO, causing significant financial impact. The court partially granted and denied motions to dismiss for failure to state a claim and for a more definite statement, dismissed Plaintiffs' breach of contract claim against Hall, and denied motions to dismiss for lack of personal jurisdiction against Hall and to transfer venue. Multiple claims were ordered to be re-pled for greater specificity.