8th Circ. Affirms Hallmark's $31M Trade Secrets Verdict

Law360, Los Angeles (July 15, 2014, 4:49 PM EDT) -- The Eighth Circuit on Tuesday affirmed a $31.3 million jury verdict in favor of Hallmark Cards Inc. and against a private equity firm that Hallmark sued for misappropriating confidential information, saying the jury had sufficient evidence to find that Hallmark’s PowerPoint presentations constituted “trade secrets.”

Hallmark said Monitor Clipper Partners LLC used Hallmark’s trade secrets, gained via a related consulting firm that did research work for Hallmark, to guide a 2005 purchase of a Hallmark competitor. In 2012, a Missouri federal jury awarded Hallmark $21.3 million in actual damages and $10 million in punitive damages.

Clipper argued on appeal that PowerPoint...

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