Taking Care of Business
A Fortune 500 company sued our clients, a highly successful officer of the company and his team, and the national company they moved to, for breach of contract, violation of non-competition and non-solicitation contract provisions, misappropriation of trade secrets and proprietary information and other claims and sought $22 million in damages. We and our co-counsel recognized that these parties needed to settle this case in short order for the transferred book of business to be properly serviced. Before we filed an answer, within three months of the complaint being filed, the parties began negotiating a settlement on terms reasonable for all the parties, that was inked six weeks later. This was a case where getting back to business was far more important than proving who was right. We made sure that could happen while still protecting the best interests of our clients.