A Phillips 66 fueling station in Houston, Texas. Credit: Google $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
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.
The verdict followed a five-week trial in Alameda County Superior Court in Oakland, California.
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