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Jury Verdict : Software Firm Stole Trade Secrets, Financial Group Alleged

In 2004, plaintiff Exchequer Financial Group contacted David J. Milazzo, a consultant, to seek his recommendation for a computer software firm to write software for a planned online raw foods business. Milazzo recommended Insight 360 Degrees and Insight Enterprises, sister companies whose principals were Tracy Rowley and Robert Mungo. Exchequer Financial entered into a contract with the companies to write the software. However, it claimed the companies did not produce the software as they were required to under the contract, and instead used trade secrets Exchequer had provided to them to produce their own software for sale. Exchequer Financial sued Milazzo, Insight 360, Insight Enterprises, Rowley and Mungo, alleging breach of contract and misappropriation of trade secrets. The defendants denied the allegations. They claimed they did not produce the software because Exchequer did not pay them as provided by the contract, and that Exchequer's claimed trade secrets were not unique enough to qualify as trade secrets.

Full post as published by The Trade Secrets Vault on November 20, 2008 (boomark / email).