Insurance Broker Did Not Breach Royalty Agreement, Federal Judge Concludes

PHILADELPHIA - An insurance broker's conduct surrounding the termination of a royalty agreement did not breach any of its obligations under the contract, a Pennsylvania federal judge ruled Dec. 30, also finding that claims for unjust enrichment, conversion and intentional interference with contractual relations fail (Delaware County Chamber of Commerce, et al. v. USI Insurance Services LLC, et al., No. 12-2280, E.D. Pa.; 2013 U.S. Dist. LEXIS 181010).

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