Million

$604.9 Million Verdict Against Phillips 66 for Willful Trade Secrets Theft in Renewable Fuels Case

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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

Former Marketing Director Settles for Reduced $1.2 Million Verdict After Bonus Dispute Trials

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A former marketing director at Santé Ventures, after enduring two trials over her lawsuit for unpaid bonus payments, opted to accept a reduced jury verdict of $1.2 million rather than face a third trial. The decision came in response to a ruling by Judge Lewis J. Liman who presented her with the option to either accept the cutback or proceed with another trial specifically concerning damages. The legal battle centered around the marketing director’s claim for two separate bonuses totaling $1.5 million, which she alleged were promised but not delivered by her employer. According to … Read more

Rhode Island Jury Awards $5.4 Million in Case Linking High School Coach’s Actions to Teen’s Suicide

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Providence, RI — A Rhode Island jury has awarded $5.4 million to the family of a 15-year-old boy who died by suicide after his high school football coach allegedly exerted pressure on him to disclose the identities of students involved in sending the coach harassing messages. The verdict, delivered this week, concluded that the actions of the coach at Portsmouth High School contributed significantly to the teenager’s tragic death in 2018. The legal representatives for Nathan Bruno’s family argued that Ryan Moniz, the football coach at the time, not only demanded that Nathan disclose the … Read more

Alameda Research Seeks $90 Million in Crypto Lawsuit Against Waves Blockchain Founder

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New York – Alameda Research, once affiliated with the now-bankrupt cryptocurrency exchange FTX, has initiated legal proceedings against Sasha Ivanov, the founder of the Waves blockchain platform, citing allegations tied to a substantial financial dispute involving $90 million on the decentralized finance platform, Vires.Finance. The legal challenge comes amid a tumultuous period for the cryptocurrency sector, highlighting vulnerabilities and the complex web of financial and operational practices that accompany digital currency exchanges and their subsidiaries. In a detailed lawsuit filed on November 10, Alameda Research claimed it placed approximately $80 million in cryptocurrencies, specifically Tether … Read more