Tetra Says Execs Stole Secrets To Create PE-Backed Rival

Law360, New York (October 25, 2013, 2:15 PM EDT) -- Oilfield services company Tetra Technologies Inc. sued two former executives and Intervale Capital LLC in Texas state court Thursday, accusing them of stealing trade secrets and recruiting its employees to create a rival startup managed by the private equity firm.

Tetra alleges that former global vice president Gary Coates and former accounts manager Garrett Dietrich misappropriated the company's trade secrets, including engineering technology data, customer prospect lists and bid proposals, after Intervale recruited them to start Tetra competitors Mesa Services LLC and Energes Oilfield Solutions LLC....
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