$605 Million Verdict: Jury Finds Phillips 66 Guilty of Stealing Trade Secrets from Renewable Fuels Innovator Propel Fuels
OAKLAND, Calif. — In a significant legal battle over trade secrets in the renewable fuels market, Phillips 66 has been ordered to pay $604.9 million to Propel Fuels. The jury verdict, delivered after a five-week trial at the Superior Court of California in Alameda County, concluded that Phillips 66 had misappropriated trade secrets from Propel Fuels, a California-based retailer of low-carbon fuels. The court found that Phillips 66 developed its renewable fuels business in California using confidential information that had been painstakingly built up by Propel Fuels over more than a decade. This decision comes … Read more