February 28, 2020
A Houston federal jury has awarded $408,000 to energy trader Saracen LLC, finding a former employee broke a confidentiality agreement but rejecting claims he stole trade secrets related to proprietary power grid data analysis software, an attorney confirmed on Friday.
February 27, 2020
A $2.8 million suit against a software developer accused of ripping off a Saracen data analysis program isn't really about trade secrets but is instead a bid by a vindictive former employer to put the defendant out of business, his attorney told Houston federal jurors before they began deliberations Thursday.
February 20, 2020
Saracen LLC suffered unknowable financial damage and lost a major advantage after a former software developer allegedly sold a rip-off of its proprietary data analysis program to competitors, a supervisor at the company told a Houston federal jury Thursday in a $2.6 million trade secrets trial.
February 19, 2020
An energy trader asked a Houston federal jury Wednesday to award it $2.6 million from a former software developer who it claims ripped off a proprietary program that analyzes energy data and tried to sell it to competitors.