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Follow on Google News | Jury Awards More Than $13 Million in Trade Secret CaseRecord-breaking verdict secured by Tredway Lumsdaine & Doyle LLP protects intellectual property of multimillion-dollar bankcard merchant
“We are pleased with the jury’s decision and believe the outcome of this case is justified in protecting our client’s intellectual property,” said Roy Jimenez, TLD partner and lead attorney on the case. “California companies have a right to protect all aspects of business, and a right to defend themselves against former vendors, such as the defendant, who try to take advantage of a business-vendor relationship to increase their own profit.” In 2007, the plaintiff retained the defendant to create a proprietary software program to assist in the management of the growing company. After signing a confidentiality agreement, the defendant was given access to the client’s business model for three years. Three months after severing ties, the defendant appeared on television, advertising confidential information obtained during his time working with the plaintiff as his own. Prior to filing legal action, the former vendor was provided with a request to cease his advertising campaign. When he refused to comply, Jimenez filed suit on behalf of his client in 2011. After several trial delays, litigation began May 5, 2014. As a result of the brief jury trial, Jimenez, with Pamela Tahim as second chair, successfully proved the defendant had stolen his client’s trade secrets, leading the jury to award the plaintiff the $13 million verdict – the bankcard merchant’s average annual revenue. About Tredway Lumsdaine & Doyle LLP Southern California-based law firm Tredway Lumsdaine & Doyle LLP (TLD) provides a full range of legal services to privately held companies and individuals. Founded by Harold Tredway in Downey, Calif. in 1961, TLD has served its clients and the community for more than 50 years. The firm, with regional offices in Los Angeles County and Orange County as well as sites in Downey and Beverly Hills, provides services in the following practice areas: business and corporate, employment, family, healthcare law, civil litigation, personal injury, probate, estate planning, trust administration, real estate and taxation. For more information on TLD, visit www.tldlaw.com or call 949-756-0684 or 562-923-0971. Follow TLD on Facebook (https://www.facebook.com/ End
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