Concord Steel v. Steel Products

VERDICT

Trial
10/20/08 – 10/22/08

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Play button overlay 45f08f27c7337d189e8c31e635b5d0a0781b273131135cd77ee8b6f12366e7a2

Summary

These are post-trial oral arguments concerning a request for final judgment and injunction. This suit, alleging breach of non-competition agreement, arose after Concord Steel Inc. acquired Wilmington Steel Processing.

Outcome

Defendants WSP and Neary breached the non-competition covenant. As a result of this breach, Concord was entitled to a permanent injunction against WSP and Neary effectively extending the restrictions of that covenant until September 12, 2011. Also, WSP and Neary were found jointly and severally liable for: (1) damages to Concord in the amount of $553,512 for their breach of the covenant; and (2) ConcordÂ’s reasonable attorneysÂ’ fees and expenses in connection with this litigation. To the extent Concord purported to assert any claims against Woislaw, those claims were dismissed with prejudice.

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