In this case, our client's former employer initiated suit, claiming they were owed over $1,000,000 for our client's purported violation of his noncompete agreement with them, alleging that he emisappropriated their trade secrets, and then used them to embark on a campaign of poaching their clients and prospective clients.
But after the smoke cleared, they ended up agreeing to pay our client, their ex-employee, $275,000.
"How did that happen?" you ask.
Truth be told, this was somewhat of an unusual case.
First, when we were on the cusp of trial, they were forced to recognize that they simply had little to no evidence to support their claims that they, in fact, had any protectable trade secrets. Second, it was equally clear that there was no admissible proof that our client had misappropriated any customer or client information, or that he used any such information to unfairly compete against them.
Conversely, they had borrowed hundreds of thousands of dollars from our client, and had executed promissory notes guaranteeing the payments - and that's how and why we were able to secure a settlement whereby they agreed to repay those loans.
