TRADE SECRET CASE LEADS TO BANKRUPTCY
Trade Secret Claims are serious.
Just how serious? Read this article about a successful Roanoke Virginia company – who recently had a California Court order they pay over $30 million dollars for a trade secret case.
“Roanoke-based Luna Innovations Inc. filed for Chapter 11 bankruptcy protection this morning in the U.S. Bankruptcy Court for the Western District of Virginia.
The filing comes after a California jury ordered Luna to pay $36.3 million in a breach of contract and misappropriation of trade secrets dispute. That verdict was issued in April and Luna has continued to challenge the outcome in court.”