Ocean Tomo Settles Trade Secrets Suit With Ex-Director

Law360, New York (April 13, 2012, 6:22 PM EDT) -- Intellectual property merchant bank Ocean Tomo LLC last week reached a settlement with former managing director Steve Lee over allegations that Lee violated his employment contract and misappropriated trade secrets when he copied company files after his resignation from the company.

U.S. District Judge James V. Selna on April 3 granted a stipulation for a preliminary injunction, agreed upon by both parties, which bars Lee from divulging any of Ocean Tomo's confidential information and trade secrets relating to business information, client information, technology, products and services...
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