$604.9M Verdict Returned in Low-Carbon Fuels Trade Secrets Trial

A key event at trial was a response to a juror's question, Michael Ng said, where the Phillips 66 executive charged with implementing the company's new fuels business inadvertently confessed to the use of proprietary marketing data.

October 18, 2024 at 04:32 PM

5 minute read

Trade Secrets

By Adolfo Pesquera

What You Need to Know

Propel Fuels, a low-carbon fuels retailer in California, got a $605 million jury verdict in its trade secrets misappropriation trial against Phillips 66 Co.
Phillips 66 told Propel it wanted to buy the company and got Propel to develop marketing of the business.
Once Phillips 66 was ready to launch, it ended acquisition talks and launched the business without Propel.

Propel Fuels Inc., a major low-carbon fuels retailer at stations in California, received a $604.9 million jury verdict in its trade secrets misappropriation case against Phillips 66 Co.

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