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Intellectual Property Law

: The Trade Secrets Vault

A.R.M.S. Inc. Wins Trade Secret and Breach of Fiduciary Duty Lawsuit against Stephen P. Troy, Jr. and Troy Industries, Inc

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By: Scott & Bush Ltd. WEST BRIDGEWATER, Mass. - (Business Wire) Atlantic Research Marketing Systems (A.R.M.S.Ž) Inc., with more than 40 National Stock Numbers [NSN's] in service to the U.S., and foreign militaries worldwide, specializes in advancing the capabilities of small arms, crew served, and anti-armor weapons in function, reliability and accuracy. On June 26, 2009, after a two-week trial in the Massachusetts Federal District Court, a nine member federal jury returned a verdict against Stephen P. Troy and Troy Industries, finding them liable for misappropriation of trade secrets and breach of fiduciary duty. Richard Swan, the president of A.R.M.S.Ž Inc., said, "We are pleased that the jury upheld our trade secret rights and determined that our former employee and his company should not profit from the theft of our trade secrets. To read the complete news article from Earthtimes, click here.

Full post as published by The Trade Secrets Vault on July 21, 2009 (boomark / email).