CRA was engaged by an independent cellular phone development company to evaluate and quantify a claim for damages stemming from an alleged breach of contract and misappropriation of certain trade secrets related to cellular phone software and design. Although the product at issue never launched, CRA was able to convincingly support a lost profits claim in the tens of millions of dollars representing actual loss to the plaintiff. The factual foundation underpinning the CRA analysis contributed to a successful settlement stemming from mediation.
Trade Secrets Monetary Remedies Commentary
The rules for what money a successful trade secret claimant can recover are easy to state but often difficult to apply. The Sedona Conference’s Working Group...