MSIG HOLDINGS (U.S.A.), INC. and MITSUI SUMITOMO MARINE MANAGEMENT (U.S.A.), INC. v. RICHARD PYE

CourtDistrict Court, S.D. New York
DecidedJune 25, 2026
Docket1:25-cv-08071
StatusUnknown

This text of MSIG HOLDINGS (U.S.A.), INC. and MITSUI SUMITOMO MARINE MANAGEMENT (U.S.A.), INC. v. RICHARD PYE (MSIG HOLDINGS (U.S.A.), INC. and MITSUI SUMITOMO MARINE MANAGEMENT (U.S.A.), INC. v. RICHARD PYE) is published on Counsel Stack Legal Research, covering District Court, S.D. New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
MSIG HOLDINGS (U.S.A.), INC. and MITSUI SUMITOMO MARINE MANAGEMENT (U.S.A.), INC. v. RICHARD PYE, (S.D.N.Y. 2026).

Opinion

UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK MSIG HOLDINGS (U.S.A.), INC. and MITSUI SUMITOMO MARINE MANAGEMENT (U.S.A.), INC., Plaintiffs, Case No. 1:25-cv-08071 (JLR) -against- OPINION AND ORDER RICHARD PYE, Defendant. JENNIFER L. ROCHON, United States District Judge: Plaintiffs MSIG Holdings (U.S.A.), Inc. (“MSIGH”) and Mitsui Sumitomo Marine Management (U.S.A.), Inc. (“MSMM” and, together with MSIGH, “Plaintiffs” or “MSIG”) bring suit against Defendant Richard Pye (“Defendant” or “Pye”). Before the Court is Pye’s motion to dismiss pursuant to Federal Rule of Civil Procedure (“Rule”) 12(b)(6). For the following reasons, the motion is GRANTED. BACKGROUND The following facts are drawn from the Amended Complaint, Dkt. 47 (“Am. Compl.” or the “Amended Complaint”), and taken as true for purposes of this motion. See Koch v. Christie’s Int’l PLC, 699 F.3d 141, 145 (2d Cir. 2012). I. Factual Background This action stems from Pye’s resignation from MSIG in the summer of 2025. MSIG is a global property and casualty insurance company that offers, among other things, marine

insurance underwriting. Am. Compl. ¶ 17. In March 2023, Pye, a veteran of the insurance industry with decades of experience, joined MSIG’s marine insurance business group as a “Senior Vice President.” Id. ¶¶ 53-54. Like all other new MSIG employees, Pye agreed to the policies in the employee handbook. Id. ¶¶ 46-47. These policies included, among other things, the obligation of employees to protect and safeguard MSIG’s confidential information, and the prohibition on using MSIG’s communication systems to send “confidential or proprietary information of [MSIG] to any other employee or third party.” Id. ¶¶ 40-43. At the time Pye started, MSIG’s marine insurance group was captained by Jeff Kaufmann (“Kaufmann”). Id. ¶¶ 55-56. In addition to Kaufmann and Pye, the marine insurance business

group also included Connie Harwell (“Harwell”), Frank Cecere (“Cecere”), Mary Springer (“Springer”), Stephen Mileski (“Mileski”), Kristian Moor (“Moor”), and John Maudsley (“Maudsley” and, together with Harwell, Cecere, Springer, Mileski, Moor, Kaufmann, and Pye, the “Co-Conspirators”). Id. ¶¶ 60-68. The Co-Conspirators were all high-level employees at MSIG who communicated regularly with one another and had access to MSIG’s confidential and proprietary information. Id. ¶¶ 69-70. Sometime before July 2025, Kaufmann told Pye about an opportunity to join MSIG’s competitor, Arch Insurance (“Arch”). Id. ¶ 71. At the time, Arch did not have a marine insurance line of business, but it intended to create a new role to allow Kaufmann to build one. Id. ¶¶ 72-73. To establish this new line of business for Arch, Kaufmann and Pye discussed Pye

and the Co-Conspirators joining Arch after Kaufmann left MSIG. Id. ¶ 74. Kaufmann resigned from MSIG on June 20, 2025, effective July 4, 2025. Id. ¶ 76. Shortly thereafter, Arch offered Pye a position, id. ¶ 77, which Pye intended to accept after Kaufmann’s resignation became effective, id. ¶ 83. MSIG tried to retain Pye by offering him a salary increase, effective June 23, 2025, and a retention bonus. Id. ¶ 81. Notwithstanding his intentions to follow Kaufmann to Arch, Pye accepted the salary increase. Id. ¶¶ 81, 83-84. In addition to accepting a pay increase, at MSIG’s invitation, Pye attended MSIG’s USA Strategic Planning Meeting — a two-day, invite-only event on July 23 and 24, 2025 — to discuss the company’s future business strategies. Id. ¶¶ 85-86. Before the event took place, MSIG emailed Pye confidential and proprietary information and trade secrets, such as “financial and business projections, industry projections, strategies for the coming year, and other current and prospective customer policy or pricing information” (the “USA Strategy Meeting Materials”).

Id. ¶¶ 87, 90, 94-95. This information was sent to Pye’s company email, but Pye later forwarded these materials to his personal email account on July 22, 2025. Id. ¶¶ 94-95. One week after attending the USA Strategic Planning Meeting, on August 1, 2025, Pye resigned, along with Harwell, Cecere, Springer, Moor, and Maudsley, effective August 15, 2025. Id. ¶ 98. Mileski then resigned on August 4, 2025, effective August 15, 2025. Id. After they left MSIG, the Co-Conspirators all joined Arch. Id. ¶ 100. On August 4, 2025, MSIG’s Chief Underwriting Officer held a transition meeting with Pye, Harwell, and Cecere. Id. ¶¶ 101-02. At that meeting, MSIG informed Pye, Harwell, and Cecere that their access to confidential information would be restricted and that their company- issued laptops would be monitored. Id. ¶ 102. The Chief Underwriting Officer also assigned

several transition tasks that needed to be completed by the last day of their employment, including “(a) that they verify and update MSIG’s list of customer policy renewals, as is typically requested in the ordinary course of business, including by using the company’s tracker templates, (b) that they advise, based on MSIG’s information and business projections and strategies, their expectations for renewal retention, rate movement, and new business production, and (c) that they finish certain catastrophe risk modelling tasks.” Id. ¶¶ 104, 106. Pye used confidential information and trade secrets to complete these transition tasks. Id. ¶ 108. Pye signed an acknowledgment of his obligation to abide by his confidentiality agreement and to make immediate arrangements to return any confidential information in his possession. Id. ¶¶ 111-15. According to the Amended Complaint, Pye, Harwell, and Cecere “largely” (and therefore, not completely) finished the transition tasks by August 8, 2025. Id. ¶ 109. While performing these tasks, Pye visited MSIG’s Chicago office five times on August 6, August 7, August 8, August 11, and August 13, 2025. Id. ¶ 123. During four of these visits, Pye “printed confidential and proprietary trade secret information, including, but not limited to, lists

of MSIG customer accounts, policy renewal lists, broker information, MSIG non-public and proprietary guidelines, and MSIG’s future financial and business projections, including projections related to MSIG’s gross written premium” (“Pre-Departure Materials”). Id. ¶¶ 126- 27. Printing materials was not Pye’s normal practice, id. ¶ 124, and it was not required for him to complete the assigned transition tasks, id. ¶¶ 130-31. In addition to Pye, Kaufmann also repeatedly emailed confidential information and trade secrets to his personal email, including sending such information in May and June 2025 before he had resigned. Id. ¶¶ 139-43. Springer printed similar information on August 11, 2025. Id. ¶¶ 144-48. II. Procedural Background On September 29, 2025, MSIG commenced this action against only Pye, alleging several

claims under state and federal law. Dkt. 1 (“Compl.”). MSIG moved for expedited discovery, Dkt. 10, which the Court denied, Dkt. 27. On November 6, 2025, Pye moved to dismiss the Complaint and requested that the Court stay discovery. Dkts. 32-34. The Court denied the request to stay discovery on November 18, 2025. Dkt. 43. Shortly thereafter, on November 26, 2025, MSIG filed the Amended Complaint. See generally Am. Compl. In the Amended Complaint, MSIG asserted six causes of action: (1) violation of the Defend Trade Secrets Act (“DTSA”), 18 U.S.C. § 1836 et seq., id. ¶¶ 153-73; (2) misappropriation of trade secrets under New York common law (“New York trade secrets claim”), id. ¶¶ 174-79; (3) breach of the duty of loyalty/faithless servant doctrine, id. ¶¶ 180-89; (4) breach of fiduciary duty, id. ¶¶ 190-202; (5) unjust enrichment, id.

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MSIG HOLDINGS (U.S.A.), INC. and MITSUI SUMITOMO MARINE MANAGEMENT (U.S.A.), INC. v. RICHARD PYE, Counsel Stack Legal Research, https://law.counselstack.com/opinion/msig-holdings-usa-inc-and-mitsui-sumitomo-marine-management-nysd-2026.