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Intellectual Property Law

: The Trade Secrets Vault

Palm City manufacturer awarded almost $300,000 in trade secret dispute

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TC PALM A Martin County jury Wednesday awarded nearly $300,000 to a Palm City plastics manufacturer. The money is to be paid by a rival Port St. Lucie firm for civil damages related to misappropriating a trade secret in a legal dispute spanning more than a decade. After a three-day trial, a six-member jury Wednesday found that Chemplex Industries of Palm City suffered financial losses after a former employee in 1998 stole a machine and its design to set up a similar company in Port St. Lucie, called Premiere Lab Supply.

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

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