Fuel Feud Finale? Kobre & Kim Seeks $1.2 Billion in Damages, Higher Interest Against Philips 66 for Trade Secret Misuse
OAKLAND, Calif. — A recent court proceedings have escalated as Kobre & Kim LLP, a law firm representing Propel Fuels, filed a motion in the Alameda County Superior Court to enhance a jury verdict against energy company Phillips 66. The law firm is seeking to increase the damages awarded to Propel Fuels to $1.2 billion and is asking for the application of a 10% interest rate on post-judgment amounts. The legal dispute centers on allegations that Phillips 66 misused proprietary information from Propel Fuels, a company that specializes in renewable fuels. Two months prior, a … Read more