Trade

Insulet Corporation Wins $452 Million in Trade Secret Lawsuit Against EOFlow, Marking Major Legal Victory

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Boston, MA — Insulet Corporation, a major player in medical device manufacturing, recently secured a monumental legal victory in the U.S. District Court for the District of Massachusetts. The jury found that competitors EOFlow Co., Ltd. among others had illegally used Insulet’s closely guarded trade secrets, awarding the company a staggering total of $452 million in damages. This hefty sum consists of $170 million in compensatory damages meant to cover the loss incurred by Insulet, and an additional $282 million in punitive damages, reflecting the jury’s finding that EOFlow’s actions were both willful and malicious. … Read more

Jamieson Greer Appointed as U.S. Trade Envoy by Former President Trump

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Washington, D.C. – President Donald Trump has designated Jamieson Greer as the new Chief Trade Representative for the United States, signaling a continued focus on aggressive trade policies. Greer, who previously served as Chief of Staff to U.S. Trade Representative Robert Lighthizer, is expected to play a pivotal role in shaping and executing trade strategies that align with the administration’s priorities. Jamieson Greer, a lawyer with extensive experience in international trade, steps into a role that has been crucial for Trump’s administration, particularly in navigating trade relations and disputes with China. His appointment comes at … Read more

Trade Group Defends General Electric’s Pension Strategy Amid Legal Challenges

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Washington, D.C. – A challenge in court to actions taken by General Electric Co. and other companies, which involves shifting pension responsibilities to different financial entities, has been labeled by industry groups as a legitimate strategy under attack. This pertains to the 2020 initiative by General Electric to transfer over $1.7 billion of pension obligations to subsidiaries of Athene Holding Ltd., a move that has come under scrutiny from retirees. In what is known as pension risk transfers, companies often reassign pension liabilities to insurance companies to manage the financial risk associated with retirees’ pensions. … Read more

$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