Inhance Technologies Wins Appeal Against Former Executives
The Texas 1st District Court of Appeals has ruled that two former Inhance Technologies LLC executives were in violation of the Texas Uniform Trade Secrets Act (TUTSA), upholding an injunction to prevent them from conducting business in the future plus awarding damages to the company.
The matter originated after Inhance learned that its former chief administrative officer, David Molthen, and vice president of engineering, Paul Banks, established a plant using an electrochemical process Inhance developed for the plastics industry.
Furthermore, the company Molthen and Banks founded, TMRJ Holdings, built its plant in an area where Inhance recruits its employees and develops business. By misappropriating Inhances technologies and engaging in unfair competition, Molthen and Banks were in violation of the act.
For more information, visit www.gardere.com.