Peter Altieri and the Trade Secrets & Noncompete Blog Featured in ILN TodayILN Today November 16, 2016
Peter L. Altieri, a Member of the Firm in the Litigation and Employment, Labor & Workforce Management practices, in the firm’s New York office, authored an article for Epstein Becker Green’s Trade Secrets & Noncompete Blog, titled “Non-Solicit Violation: $4.5 Million Punitive Damage Award Upheld,” that was featured in ILN Today’s weekly roundup of the most critical thought leadership pieces produced by International Lawyers Network member firms by Lindsay Griffiths.
Epstein Becker Green is a founding member of the International Lawyers Network, an association of over 90 select law firms with more than 5,000 lawyers worldwide.
Following is an excerpt:
The decision in B.G. Balmer & Co., Inc. v. Frank Crystal & Co. Inc., et al. sets forth a classic example of “bad leavers” and a complicit new employer. Confidential information concerning clients was copied and given to the new employer. The senior employees, on Company time and using Company facilities, conspired with the new employer to hire the junior employees and solicit existing clients, including the largest and best clients of the Company. Complete indemnification was provided by the new employer to the employees. Personnel files were purloined and not returned upon request. Upon resignation they immediately solicited the company’s largest client and did so using trade secret and confidential information of the Company while disparaging the Company in the process.