trade secret stencil print on the grunge white brick wall .Kelly Hart Secures $27M Trade Secrets Misappropriation Final Judgment in Fort Worth Trial
A Tarrant County district court judge entered final judgment for over $27 million in a GPS technology trade secrets misappropriation case.
December 20, 2024 at 02:08 PM
3 minute read
What You Need to Know
- A Fort Worth state district judge entered final judgment of over $27 million to a plaintiff suing its former president of trade secrets misappropriation.
- Kelly Hart, the plaintiff's legal team, was awarded $275,000 in fees for the trial and post-trial briefing.
- The plaintiff, Ikon Technologies, convinced a jury its former officer illegally started a competing company using its GPS telematics trade secrets.
A Kelly Hart & Hallman legal team secured a final judgment over $27 million for an Arlington-based GPS telematics devices and national car dealerships services company.
The plaintiff, VBI Group, filed suit in 2021 against its former president and technology director, his wife and their company, accusing them of stealing trade secrets. VBI does business as Ikon Technologies.
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