Military Rifle Designer Wins $1.8 Million in Trade Secrets Spat With Former Employee
By Todd
A federal jury awarded a West Bridgewater, Massachusetts based designer of products for small-arms weapons more than $1.8 million in damages in a lawsuit alleging theft of trade secrets and breach of fiduciary duty.
The lawsuit by the Atlantic Research Marketing Systems, or A.R.M.S. Inc., was lodged against Stephen P. Troy Jr. and his company, Troy Industries Inc., of Lee. You can find Troy Industries' version of G.I. Joe on its website here: http://troyind.com/.
Originally filed in August 2007, the claim by A.R.M.S. Inc. alleged that its former employee of seven months, Troy, had stolen trade secrets for a product used on certain military rifles and incorporated those trade secrets in a system that was being offered and sold by Troy Industries after he was fired from A.R.M.S.
On June 26, after a two-week trial in federal court, a nine-member federal jury found Troy and his company liable for misappropriation of trade secrets and breach of fiduciary duty.
Some other issues in the case remain pending before the court, the company said.
The lawsuit by the Atlantic Research Marketing Systems, or A.R.M.S. Inc., was lodged against Stephen P. Troy Jr. and his company, Troy Industries Inc., of Lee. You can find Troy Industries' version of G.I. Joe on its website here: http://troyind.com/.
Originally filed in August 2007, the claim by A.R.M.S. Inc. alleged that its former employee of seven months, Troy, had stolen trade secrets for a product used on certain military rifles and incorporated those trade secrets in a system that was being offered and sold by Troy Industries after he was fired from A.R.M.S.
On June 26, after a two-week trial in federal court, a nine-member federal jury found Troy and his company liable for misappropriation of trade secrets and breach of fiduciary duty.
Some other issues in the case remain pending before the court, the company said.
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