It appears Tom Pence has successfully broken free of the golden handcuffs Conseco Capital Management tried to slap on him while he was a top manager there. A lawsuit the Carmel, Ind.-based firm filed against Pence for allegedly breaking conditions of a contract he signed when he left the firm has been settled, Pence confirmed.

Pence left Conseco last October to work for Strong Capital Management of Menomonee Falls, Wis., luring several of Conseco's portfolio managers and analysts with him.

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