Settlement of a Trade Secrets Misappropriation Lawsuit

Secured a favorable settlement of a trade secrets misappropriation lawsuit in federal district court in North Carolina. Haynes and Boone represented the plaintiff, a technology company headquartered in Houston. On the third day of the jury trial, the defendants, a former plaintiff executive and his new company, announced their consent to an agreed permanent injunction and agreed to dismiss all of their counterclaims, pay all of plaintiff’s damages, surrender their inventory, and pay a portion of plaintiff’s attorney’s fees. The case involved the misappropriation of the formula for a proprietary catalyst used to treat hydrocarbons at refineries worldwide. The former executive claimed to have independently developed the formula after leaving the company, but shortly before trial began the formula was discovered in a spreadsheet that proved defendants’ claim was untrue.

Participating Lawyers

Sort By

Related Practices

Email Disclaimer