World Financial Group Insurance Agency, LLC v. Olson

District Court, N.D. California·Decided July 19, 2024·No. 5:24-cv-00480·Unknown

Opinion

1 2 6 7 WORLD FINANCIAL GROUP Case No. 24-cv-00480-EJD INSURANCE AGENCY, 8 ORDER GRANTING IN PART AND Plaintiff, DENYING IN PART MOTION TO v. 10 ERIC OLSON, et al., Re: ECF Nos. 79, 80 11 Defendants.

12 13 Before the Court is Defendant Eric Olson’s (“Mr. Olson”) motion to dismiss Plaintiff 14 World Financial Group Insurance Agency’s (“WFG,” “WFGIA,” or “Plaintiff”) First Amended 15 Complaint (ECF No. 72, “FAC”). Eric Olson’s Motion to Dismiss, ECF No. 79 (“Mot.” or 16 “Motion”). Also before the Court is Defendant Sandra Olson’s (“Ms. Olson”) motion to dismiss 17 the FAC and joinder in Mr. Olson’s motion to dismiss. Sandra Olson’s Motion to Dismiss, ECF 18 No. 80. The Court addresses both motions in this Order.1 19 For the reasons set forth below, the Court GRANTS IN PART and DENIES IN PART 20 Mr. Olson’s and Ms. Olson’s motions to dismiss. 22 A. The Parties 23 The following factual background is taken from the FAC except if otherwise noted. 24 WFG provides a business platform for individuals who wish to operate their own 25 independent financial services business. FAC ¶ 23. It offers fixed insurance products through 26

27 1 For ease of reference, “Motion” throughout this Order refers to both Mr. Olson and Ms. Olson’s motions unless otherwise noted. 1 WFG and other state-specific affiliated agencies. Id. In addition to offering insurance products to 2 customers, the independent contractors recruit other insurance agents to work under them. Id. ¶ 3 25. This structure is referred to as a “hierarchy” and WFG considers this its confidential 4 information. Id. While the fact that an agent is affiliated with WFG is not confidential, WFG 5 contends that the position of an agent within a particular hierarchy, and the relationship between 6 agents within a hierarchy is information that is not generally known outside of WFG and is 7 maintained as confidential. Id. ¶ 26. Under the hierarchy structure, insurance agents receive an 8 override, which is a portion of the commission paid by the product provider. Id. ¶ 27. 9 Mr. Olson began working as a WFG agent in 2003. Id. ¶ 57. He rose through his 10 hierarchy at WFG and achieved the position of Field Chairman. Id. During the last 20 years, 11 Mr. Olson made millions of dollars through his association with WFG. Id. To help him conduct 12 business through WFG, Mr. Olson began using a WFG cobrand name, through which his 13 hierarchy operates, called Pinnacle Elite (“Pinnacle”). Id. ¶ 58. Ms. Olson also worked with 14 WFG. Id. ¶ 62. After marrying Mr. Olson, she moved into his hierarchy. Id. 15 In September 2023, Mr. Olson attempted to move his hierarchy under Ms. Olson’s name. 16 Id. ¶ 65. WFG prevented him from doing so because WFG contends it “had difficulty 17 understanding the Olsons’ motivation.” Id. ¶ 66. On October 4, 2023, Ms. Olson resigned from 18 WFG, and on October 13, 2023, Ms. Olson formed Global Financial Impact, LLC (“GFI”). 19 Id. ¶¶ 68–69. WFG alleges that GFI was formed to enrich both of the Olsons and for the unlawful 20 purpose of stealing from WFG and its insurance agents. Id. ¶ 78. 21 WFG alleges that Mr. Olson improperly recruited WFG insurance agents away from WFG 22 to join his and Ms. Olson’s newly formed company, GFI. Id. ¶ 83. WFG alleges that the Olsons, 23 with the help of others, used WFG’s confidential and proprietary compensation and organizational 24 data to target specific teams of insurance agents with spouses who also served as WFG insurance 25 agents to recruit agents to GFI. Id. ¶¶ 84–88. 26 B. The Agreement 27 When WFG brings on an insurance agent, it requires the agent to sign the Agent 1 Agreement (the “Agreement”)2. Mot. 3; FAC ¶ 39. The relevant provisions are identified below: 2 The Non-Solicitation Provision. 3 Except as prohibited by law, during the period that Agent is an Agent of WFG and for a period of two (2) years following the termination of this Agreement for 4 any reason, Agent shall not, either individually or in partnership or jointly or in 5 conjunction with any other person or entity, as principal, agent, consultant, contractor, employer, employee or in any other manner, directly or indirectly, 6 solicit, induce or entice away or in any other manner persuade or attempt to persuade any individual who is a current agent of WFG and with whom the Agent 7 had business contact with on behalf of WFG or its affiliated or related entities, to terminate or alter their agent relationship with WFG to join a competing 8 organization. This non-recruitment restriction is limited and only applies with 9 respect to any recruitment of an agent that resided in or engaged in business activities in the geographic area within fifty (50) miles of the location of the 10 Agent’s office(s) during the eighteen (18) month period preceding the recruitment. This provision survives the termination of this Agreement. 11 Agreement § 2.15. 12 The Confidentiality Provision. 13 Agent will not use, disseminate or reveal, other than on behalf of WFG as 14 authorized by WFG or the Product Providers, any Confidential Information or 15 Trade Secret of WFG or of the Product Providers, which Agent has or hereafter receives. Agent agrees that immediately upon the termination of this Agreement, 16 Agent will return all documents, files and lists containing any Confidential Information or Trade Secret to WFG and the same shall not be copied or 17 duplicated. 18 Agreement § 2.16. 19 The Non-Disparagement Provision. 20 Agent shall not do anything that will damage the business, good name or 21 reputation of WFG, Affiliated Companies and/or their respective officers, 22 directors, and employees. Agreement § 2.17. 23 Agents are required to sign the Agreement each year. Mr. Olson signed his annual 24 Agreement on February 27, 2023, and Ms. Olson signed her annual Agreement on April 12, 2023. 25

26 2 WFG also entered into Executive Marketing Director Agreements with certain insurance agents, 27 including Mr. Olson. FAC ¶¶ 40, 49. Both agreements contain the same relevant provisions, and the Court refers to the Agreement only throughout this Order for ease of reference. 1 FAC ¶¶ 49–50. 2 C. Procedural History 3 WFG commenced this action and applied for an ex parte temporary restraining order 4 against Defendants Eric Olson, Sandra Olson, and Does 1–50 (i.e., unknown co-conspirators) 5 before the Superior Court of California, County of Santa Clara, on January 25, 2024. ECF No. 1- 6 3. The Olsons removed the case to this Court on January 26, 2024. ECF No. 1. On January 29, 7 2024, WFG refiled its Motion for Temporary Restraining Order in this Court. ECF Nos. 15, 16. 8 On February 22, 2024, the Court denied the motion and granted WFG’s request for expedited 9 discovery. Order Denying Motion for Temporary Restraining Order (“TRO Order”), ECF No. 64; 10 Order Granting Request for Expedited Discovery, ECF No. 67. 11 On February 15, 2024, Mr. Olson filed a Motion to Dismiss the Complaint, which was 12 joined by Ms. Olson. ECF Nos. 62, 63. On February 29, 2024, WFG filed its FAC and added 13 three new defendants: Defendants Michael Cherniawski, Eric Carter, and DaJuan Cofield. 14 See FAC. On March 14, 2024, the Olsons filed the present Motions. ECF Nos. 79, 80. The 15 Motions are fully briefed. WFG’s Opposition to Motion to Dismiss (“Opp.”), ECF No. 96; Eric 16 Olson’s Reply in Support of Motion to Dismiss (“Reply”), ECF No. 98; Sandra Olson’s Joinder in 17 Eric Olson’s Reply, ECF No. 99. The Court heard oral argument on the Motion on May 2, 2024. 18 Both Mr. and Ms. Olson have separately filed lawsuits against WFG alleging various 19 causes of action relating broadly to their involvement with WFG. Eric Olson v. World Fin. Group 20 Ins. Agency, No. 24-cv-00481-EJD (N.D. Cal.); Sandra Olson v. World Fin. Group Ins. Agency, 21 No. 24-cv-00477-EJD (N.D. Cal.). 23 Rule 8(a)(2) of the

World Financial Group Insurance Agency, LLC v. Olson, (N.D. Cal. 2024).

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