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Schlumberger Fined, Trade Secrets Suit Against Ex-Atty Gutted

Law360, Houston (August 27, 2014, 4:55 PM EDT) -- Schlumberger Ltd. was ordered to pay $600,000 in attorneys' fees and sanctions on Wednesday after a Texas judge threw out the majority of a lawsuit the company had filed accusing its former chief intellectual property lawyer of sharing trade secrets with Acacia Research Group.

Harris County District Judge R.K. Sandill dismissed causes of action for misappropriation of trade secrets, conversion, breach of fiduciary duty and violations of the Texas Theft Liability Act the oilfield giant was pursuing against Charlotte Rutherford. He also ordered Schlumberger to pay $350,000 in attorneys' fees, as well as a $250,000 sanction under the Texas Citizens' Participation...

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