(Credit: Google. U.S. District Court for the District of Massachusetts in Boston) Federal Judge Reverses $1M Exemplary Damages Award in Favor of Employee Accused of Misappropriating Trade Secrets
"The evidence was more than sufficient for the jury to find that Parzych was doing more than simply looking for another job opportunity while still employed by ZipBy: It is disingenuous to compare an employee searching for a new position during his lunch break to Parzych's covert attempts to acquire a valuable asset behind his employer's back," U.S. District Judge Indira Talwani for the District of Massachusetts wrote. "Parzych's argument otherwise ignores the facts and the law at issue in this case."
April 25, 2024 at 02:25 PM
4 minute read
Trade Secrets
What You Need to Know
- A former company president had a small victory in court last week after a federal judge reversed a jury verdict finding he had stolen trade secrets,
- Gregory Parzych advised the CEO of ZipBy to not purchase another parking company, TCS International, with false information.
- Parzych then attempted to purchase the company on his own, without informing ZipBy's CEO or executive board.
A former ticketless parking services company president scored a partial win last week after a federal judge in part reversed a $1 million jury award for exemplary damages, finding the evidence did not show he misappropriated trade secrets from his previous employer.
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