https://www.law.com/texaslawyer/2023/02/23/texas-jury-delivers-9-million-verdict-for-malicious-theft-of-intellectual-property/
DistributionNOW pump system. Courtesy: DNOWNEWS
“These men were after DNOW. They were out to destroy Odessa Pumps. What we are doing here is trying to prevent other companies from thinking this is OK and trying to prevent these guys from doing it again,” said John Zavitsanos of AZA Law.
February 23, 2023 at 06:21 PM
3 minute read
What You Need to Know
- A Fort Bend County jury awarded $9 million in damages and attorney fees to an oil exploration servicing company.
- The defendants were found to have conspired to steal intellectual property to jump-start a competing company.
- The defendants also poached critical employees, crippling the plaintiff firm’s operations.
A Fort Bend County jury returned a verdict of nearly $9 million for damages and attorney fees in an intellectual property theft case against an Odessa-based oil and gas pump service company.
The 36-page verdict came late Wednesday following a complex three-month trial and almost three days of jury deliberation in the 434th District Court, with Judge J. Christian Becerra presiding.
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