Eagle Oil & Gas fined $19 million for stealing trade secrets

Gavel and book
Source: DollarPhotoClub

Dallas-based Eagle Oil & Gas was told to pay an oil and gas exploration company Shale Exploration LLC $19 million for having stolen a part of a proprietary oil and gas prospect developed by Shale in Montana called the Jayhawk.

After a two-and-a-half-week trial, the Harris County jury found Eagle Oil and Gas breached a confidentiality and non-circumvention agreement with Shale, and that Eagle unlawfully took trade secrets and proprietary information about Shale’s prospect for its own use. The jury awarded Shale $14.3 million in compensatory damages and $4.5 million in punitive damages for Eagle’s malicious conduct.

Following the verdict, Matthew R. Pearson of Gravely & Pearson attorneys, who represented Shale Exploration, said: “Shale spent a great deal of time and money developing the Jayhawk prospect. The jury did the right thing by compensating Shale and punishing Eagle for their conduct. Hopefully, Eagle finally got the message.”

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