One of the most elusive forms of damage that a company may suffer when its trade secrets are misappropriated or its former employees breach their post-employment restrictive covenants is the loss of goodwill. When seeking money damages for lost goodwill, it is essential for businesses to carefully select their supporting evidence and legal arguments. One information technology service provider recently found out the hard way when the Virginia Supreme Court slashed its $14 million verdict by over $11 million based on the company’s failure to present sufficient evidence of the value of its lost goodwill.
Continue Reading Virginia Supreme Court Overturns Multi-Million Dollar “Goodwill” Damages Award in Trade Secrets Conspiracy Case