Court rules that former seller employees stole seller trade secrets and are using them to compete against the buyer. M&A Stories March 16, 2023 Introduction When a buyer acquires a business, there is a risk that the seller’s employees may…
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BUYER SUES FORMER SELLER’S EMPLOYEE COMPANY FOR TRADE SECRET THEFT
Posted in trade secret misappropriation by former seller employee Tagged with: Acquiring a company, Buyer's lawsuit, Competing company, Confidentiality agreements, Former seller's employee, M&A legal, Palltronics v. Paliot Solutions, Preliminary injunction, Trade secret protection, Trade secret theft
Business Buyer Sues Former Employee Over Use of Seller Business Cards
Explore a legal case where a buyer filed a lawsuit against a former employee who left with business cards belonging to the seller’s clients after an M&A deal. Learn about the legal implications and challenges in protecting trade secrets in…
Posted in business cards, trade secret misappropriation by former seller employee Tagged with: asset purchase agreement, Business buyer lawsuit, Business cards misappropriation, Confidential customer list, Employee fiduciary duty, Employee retention strategies, legal implications, M&A legal case, Trade secrets protection, Trade secrets trial
When Medical Practice Deals Go South: Protecting Patient Lists
Learn about the legal challenges and importance of safeguarding patient lists in medical practice acquisitions. October 12, 2019 M&A Stories In the world of medical practice acquisitions, patient lists are golden. But what happens when a doctor tries to take…
Posted in trade secret misappropriation, trade secret misappropriation by former seller employee Tagged with: Case Study, healthcare M&A, Legal Challenges, LLC v. Behram, Maryland Physician’s Edge, medical practice acquisitions, Medical practice M&A, misappropriation, non-solicitation agreement, patient data protection, patient lists, trade secrets
Court Ruling: Buyer’s Trade Secret Suit Likely to Fail
Explore a recent M&A legal case where a buyer sued a seller’s owner for competing with the acquired business. Learn about trade secrets, competition, and the court’s ruling. July 21, 2019 M&A Stories Introduction: In a recent legal development, a…
Posted in asset purchase agreement, trade secret misappropriation by former seller employee Tagged with: asset purchase agreement, buyer, CleanFISH LLC v. Sims, competition, Court ruling, covenant not to compete, M&A legal blog, seafood distribution business, seller, temporary restraining order, trade secrets
Court allows business asset buyer to sue seller’s employee-owner for using trade secrets buyer purchased from seller to compete against the buyer
In this case, the buyer is a security system installation, servicing, and monitoring company with residential and commercial customers. In November of 2016 it purchased the assets of the seller which was in the business of providing central station monitoring…
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