A judge has rejected a request for a preliminary injunction in the case of a bankrupt Southern California insurance agency following a long, accusation-fueled legal battle between the former and current owners of the firm.
United States Bankruptcy Court Judge Maureen Tighe on Wednesday denied the request for a preliminary injunction against the older owners of Woodland Hills, Calif.-based C.M. Meiers, a 76-year-old agency believed by its buyers and a bankruptcy trustee to be out-of-trust by up to $1 million.
Woodland Hills-based Liberty Insurance Brokers Inc. outbid two others to acquire C.M. Meiers for $1.75 million in February, and they say they soon discovered afterward that former father and son owners Eric and Herb Rothman and an in law relation Jason Adleman had taken company information and clientele with them to fledgling agency Adleman’s Affinity Global Insurance.
Tighe handed down her decision nearly a month after the close of several days of what at some stages turned into caustic testimony over whether the old owners had absconded with clients, and information that was to have been sold during the auction in February.
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