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Intellectual Property Law

: The Trade Secrets Vault

YADKIN VALLEY BANK AND TRUST COMPANY : employer's allegations were insufficient to state a claim for misappropriation of trade secrets.

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Background: Former employees brought separate actions against employer, alleging breach of contract and violation of the Wage and Hour Act, and sought declaratory judgment that they were not bound by non-competition agreement. Employer counterclaimed for breach of contract, misappropriation of trade secrets, and unfair competition. The Superior Court, Watauga County, J. Marlene Hyatt, J., granted employees' motions for judgment on the pleadings as to their claims, dismissed misappropriation of trade secrets claim, and granted employees judgment on the pleadings on remaining counterclaims. Employer appealed. Holdings: Upon consolidation, the Court of Appeals, Stephens, J., held that employer's allegations were insufficient to state a claim for misappropriation of trade secrets. Affirmed.

Full post as published by The Trade Secrets Vault on June 13, 2008 (boomark / email).

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