Updated at 1 p.m. ET
(Bloomberg) – Alliant Insurance Services Inc. lost its bid to buy Wells Fargo & Co.'s insurance business but sought to steal its rival's employees anyway, according to a lawsuit filed Thursday in Delaware.
Wells Fargo Insurance Services alleges Alliant has been trying to hire top sales executives in 10 U.S. cities from Atlanta to Dallas to Sacramento, in some cases using senior executives to personally call Wells Fargo salesmen. Information Alliant used was included in confidential deal documents it received as a potential buyer for the company, Wells Fargo said.
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