TechForward Wins $22M In Best Buy Trade Secrets Suit

Law360, New York (November 21, 2012, 4:11 PM EST) -- A California federal jury has ordered Best Buy Co. Inc. to pay $22 million for unjust enrichment after finding the retailer willfully stole TechForward Inc.’s trade secrets and breached a confidentiality agreement concerning an electronics buy-back program.

The Nov. 16 jury verdict came after a trial over allegations that Best Buy and two of its affiliates misappropriated TechForward’s trade secrets and breached the terms of agreements the two sides reached after Best Buy approached TechForward for help developing the buy-back program, in which customers can resell...
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