Mergers and Acquisitions Misconduct

The Friday, October 18, 2024, issue of the Chicago Daily Law Bulletin has a story about a $604.9 million verdict, awarded by a California jury.  The jury apparently found that Phillips 66 stole biofuel maker Propel Fuels’ secrets “under the guise of gathering information for a potential acquisition and then used them to create a competing business.”  This is a warning to all companies that are approached to be acquired.  You must institute safeguards for your trade secrets and other confidential information before discussions begin or be prepared to file a lawsuit if they are stolen. 

For advice about suing someone who stole your trade secrets, get in touch with Tom Patterson, tpatterson@pattersonlawfirm.com

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