Case Conclusion Date:December 17, 2010
Practice Area:Lawsuits / Disputes
Outcome:Verdict for Plaintiff & Intervenor for $11.4mm & $381.5mm
Description:The Shelby County jury sided with the plaintiffs, who claimed that SouthWestern Energy Production Co. (SEPCO) stole their trade secrets and profited from them. The jury awarded the plaintiffs $11.4 million in compensatory damages, finding that SEPCO had violated the Texas Theft Liability Act by misappropriating trade secrets and had committed fraud related to a confidentiality agreement in 2005 pertaining to two oil and gas prospects in East Texas. In addition, the jury found that, for purposes of disgorgement, SEPCOâ€™s profits were $381.5 million, which the court may or may not order SEPCO to pay to the plaintiffs as part of any judgment.