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Driller Gets Approval Of $14.3M Award In Trade Secrets Fight

Law360 (April 19, 2018, 8:06 PM EDT) -- A Texas appeals court on Thursday affirmed a jury’s verdict that awarded a driller $14.3 million in lost profits due to misappropriated trade secrets by a potential partner in a Montana oil and gas development project, though it threw out an award of $4.5 million in exemplary damages.

The First District Court of Appeals rejected Eagle Oil & Gas Co.'s contention that a lower court abused its discretion in a 2015 judgment that adopted a jury's conclusions that the company breached a confidentiality agreement with Shale Exploration LLC...
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