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Southeast Texas Record | Another coin company sues former employee over trade secrets

By David Yates The suits filed by or against rare coin dealers in recent years could fill up even the largest of penny jars. The newest suit, The American Eagle Reserve LLC vs. Justin A. O'Neal, was filed Sept. 4 in Jefferson County District Court. Dozens of suits involving coin companies have been filed in the county the last year alone. In its suit, TAER alleges one of its former employees stole company trade secrets in hopes of making a pretty penny. TAER is petitioning the court for an injunction to restrain O'Neal from contacting its customers. Court documents show that TAER and O'Neal entered into a confidential services, trade secrets and employment agreement on March 24, 2008. "In part consideration for entering into an agreement, Plaintiff agreed to... train, employ and give the Defendant access to confidential and secret customer lists and information concerning rare and collectible coins," the suit says.

Full post as published by The Trade Secrets Vault on September 30, 2008 (boomark / email).