Texas Plastics Biz Wins $5M From Competing Ex-Execs
By Jess Krochtengel (October 6, 2016, 6:28 PM EDT) -- A Texas trial judge has awarded plastics manufacturer Inhance Technologies LLC more than $4 million as a reasonable royalty from two former executives who launched a competing business and enjoined the competitor from using trade secret information, in what attorneys say is a ruling of first impression.
An "exhaustive search" turned up no Texas precedent on the question of whether Inhance could recover both damages and the injunctive relief under the Texas Uniform Trade Secrets Act, and very little precedent from the rest of the country, Inhance attorney Rachel Steely of Gardere Wynne Sewell LLP told Law360 Thursday. But the company...
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