Friday, March 2, 2007

Another Trade Secrets Case

I posted earlier about an Indianapolis trade secrets case and here is a somewhat similar case from the the Arkansas Business Litigation Blog: Eighth Circuit Affirms $2 Million Judgment in Trade Secrets Case.

As with our Indianapolis case, this was a situation of employees acting badly:
Hurst and McGowan formed a competing company during their employment. They constructed equipment using Synergetics' confidential designs and contacted Synergetics' customers about the new company, which they opened 2 weeks after terminating their employment. The court was not hard pressed to affirm the judgment of $1,759,165 actual damages and $293,194.16 punitive damages per defendant.

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