Won verdict for plaintiff, a closely-held New Jersey corporation and its Italian-based majority shareholder
May 13, 2016After seven-week bench trial in New Jersey State Chancery Court, obtained judgments in favor of Plaintiff client awarding damages for lost profits and attorneys’ fees for breaches of fiduciary duty, breach of the duty of loyalty, theft of trade secrets and confidential information and related conspiracy, as well as tortious interference in business opportunity. The court also awarded over $570.000 in legal fees and costs to client for violation of New Jersey Trade Secrets Act. Judgments were against the company’s minority shareholder and former COO. Also won defense verdicts as to counterclaims and third-party claims against the company and its majority shareholder. Court also found in favor of plaintiff for the defendants’ spoliation of evidence and violation of the Court’s injunction order. Successfully obtained a TRO, immediately after filing the action, directing defendants to turn over all of their personal computers and electronic devices for forensic examination, as well as an order of non-competition by the former Director and preliminarily enjoining defendants from utilizing the company’s trade secrets, confidential and proprietary information.