Walnut Street Associates, Inc. v. Brokerage Concepts, Inc.

Insurance broker Walnut Street (plaintiff) had recommended that client Procacci hire benefits administrator BCI (defendant), which paid Walnut Street commissions from Procacci's premiums; after Procacci sought lower premiums and BCI refused, Procacci terminated BCI, and BCI's letter urging Procacci to reconsider disclosed the true, higher-than-expected amount of commissions Walnut Street had been receiving. Procacci then ended its relationship with Walnut Street based on that accurate disclosure, and Walnut Street sued BCI for tortious interference; a jury awarded Walnut Street damages, but the appeals court reversed and entered judgment for BCI based on the truth of the disclosed information.