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Alabama judge upholds $192M verdict in property suit

By: GARRY MITCHELL Associated Press Global chemical giant Ineos Phenol, stung by a $192 million jury verdict, has denied stealing a hazardous waste recycling idea from a Mobile chemist and said it would appeal a judge's order upholding the award. Like most states, Alabama has a Trade Secrets Act that sets out civil remedies for the misappropriation of trade secrets. There is no governmental enforcement under that law, but rather it is enforced by civil lawsuits brought by individuals or businesses. To continue reading this interesting article from MSNBC Wire Services, click here.

Full post as published by The Trade Secrets Vault on January 26, 2009 (boomark / email).