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What Is The Court Case Techcorward Inc. V. Best Buy

499 Words2 Pages

TechForward Inc. v. Best Buy Co Inc. is a federal court case centering on the allegation that Best Buy unlawfully formed its buyback program after TechForward created its own promise to customers regarding a buyback plan and embezzled TechForward’s trade secrets to do so. Within the buyback program, customers are able to trade in electronic devices they purchased in return for store credit and are also allowed to choose their set pricing for in store credit. Best Buy was having trouble creating their own buyback program and sought for help through a California based start-up company, TechForward Inc. The two companies had signed a confidential and concealed agreement in February of 2008. Once Best Buy was able to figure out the points in leading …show more content…

The jury furthermore found that Best Buy’s actions were vindictive and deliberate and granted an additional five million dollars for disciplinary damages. Best buy insisted they did nothing wrong and a spokeswoman for the company stated, “We vehemently disagree with the size of the award given the facts of this case, and intend to vigorously challenge this verdict.” (“Best Buy to pay $27 million in trade secrets …show more content…

Flaherty, Scott. “TechForward Wins $22M In Best Buy Trade Secrets Suit - Law360.” Law360 - The Newswire for Business Lawyers, www.law360.com/articles/395849/techforward-wins-22m-in-best-buy-trade-secrets-suit.
Johnson, James. “Best Buy Ordered To Pay $27 Million After Stealing Trade Secrets.” The Inquisitr, The Inquisitr, 7 Dec. 2012, www.inquisitr.com/428615/best-buy-ordered-to-pay-27-million-after-stealing-trade-secrets/.
Rao, Leena. “TechForward Wins $27M In Lawsuit Against Best Buy Over Stolen Trade Secrets.” TechCrunch, TechCrunch, 5 Dec. 2012, techcrunch.com/2012/12/05/techforward-wins-27m-in-lawsuit-against-best-buy-over-stolen-trade-secrets/.

“TechForward Inc. v. Best Buy Co. Inc.” TechForward Inc. v. Best Buy Co. Inc. | Trade Secrets Institute,

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