A Waterbury company that makes specialty chemicals will collect $25 million settlement in a complex case involving allegedly stolen trade secrets and phony stock bids, its second huge litigation-related award this year.
MacDermid Inc. had sued Cookson Group PLC, of England in 2006, claiming the defendant hired a former employee who had a noncompete agreement and then used information provided by that employee in order to make a phony bid for MacDermid stock. The plaintiffs alleged that Cookson Group, now known as Vesuvius PLC, had no intention of honoring the bid and claimed that it was made only in an effort to drive up MacDermid’s debt.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
