$1.5M Arbitration Award Obtained in Breach of Loyalty Case
We filed a claim in arbitration against a former executive of our client who assisted a third party in acquiring a competitor while the executive was still working for our client. After the acquisition, the executive went to work for the competitor in a leadership position. In addition to breach of the executive’s duty of loyalty, the case involved claims of usurping a corporate opportunity, misappropriation of confidential information, and spoliation of evidence. After a hearing the arbitrator awarded our client more than $1.5 million in damages, including $500,000 in punitive damages.