$604.9 Million Verdict Against Phillips 66 for Willful Trade Secrets Theft in Renewable Fuels Case
Oakland, Calif. – In a landmark decision, Propel Fuels, Inc., a prominent California-based retailer specializing in low-carbon fuels, triumphed in a significant legal battle against Phillips 66 Company. A jury awarded Propel nearly $605 million after determining that Phillips 66 developed its renewable fuels sector by unlawfully using Propel’s confidential business insights. The decision came after a rigorous five-week trial in the Superior Court of California in Alameda County. The lawsuit, originally filed by Propel on February 16, 2022, claimed that Phillips 66 had misappropriated trade secrets that Propel had cultivated over 13 years of … Read more