Firm defends against multi-million dollar damages claim for alleged misappropriation of intellectual property
October 11, 2013 – PE&G attorneys Randy Erlewine and Cari Cohorn recently helped conclude a settlement of claims against firm clients Development Specialists, Inc., and California Assignments. The latter entity became the Assignee for Benefit of Creditors of a Silicon Valley semiconductor fabrication plant. Before shutting down, the plant refused to release certain physical and intellectual property belonging to one of its customers, until that entity paid a disputed invoice. Following the assignment, the customer filed suit, claiming millions of dollars in damages for alleged conversion and misappropriation of its trade secrets and intellectual property used in the fabrication of semiconductor wafers. The firm vigorously defended against these highly complex and hotly litigated claims. The customer filed a notice of settlement today.