REVERSAL OF TRIAL COURT DECISION OBTAINED ON APPEAL

For Immediate Release

NAPLES, FLORIDA (June 10, 2022) – Grant Fridkin Pearson, led by Jeff Fridkin as co-counsel, recently obtained reversal of a trial court decision which had found its client’s commission agreement to be an unlawful restraint of trade. At stake in the matter is a claim by an insurance agent against another insurance agent for its share of insurance commissions involving many millions of dollars.  In the case of Capital Wealth Advisors, LLC v. Capital Wealth Advisors, Inc., the Second District Court of Appeal has ruled that the commission agreement, which requires the sharing of commissions when a policy is generated through referral sources identified in the contract, was not a restraint of trade because it does not prohibit any solicitation or competition. According to the Second District, “The Agreement does not negatively affect consumers’ ability to procure insurance products since both the Company and the Agent can freely compete for the same business.” 

Jeff, a Florida Bar Board-Certified Civil Trial (since 1995) and Business Litigation (since 1996) Specialist, heads the firm’s litigation group. He has, over the years, successfully represented clients in hundreds of substantial disputed matters involving commercial, wills/trusts and personal injury fields of law.

About Grant Fridkin Pearson

Grant Fridkin Pearson, P.A. is a full-service law firm serving the Southwest Florida community since 1995. Grant Fridkin Pearson, P.A. stands committed to delivering effective solutions to complex legal issues that challenge individuals and businesses. Its team of dedicated professionals believes in collaborating with clients and using its full range of expertise to create comprehensive legal strategies. Grant Fridkin Pearson, P.A. is located at 5551 Ridgewood Drive, Suite 501, in Naples, Florida. For more information, call 239.514.1000 or visit www.gfpac.com.

CONTACT:
Judy Wright, Office Administrator
Grant Fridkin Pearson, P.A.
5551 Ridgewood Drive, Suite 501, Naples, FL 34108
(239) 514-1000 | jwright@gfpac.com