Sterling Payment Technologies v. Hudec


10/25/10 – 11/01/10

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In this retail industry intellectual property litigation proceeding, plaintiff Sterling Payment Technologies alleged Ellen Hudec, its former executive and board member of taking confidential information and trade secrets to start a competing business, Platinum Merchant Services.

The jury found that Ms. Hudec did not breach her duty of loyalty, did not cause damages, and did not breach her contract. Instead, the jury awarded Ms. Hudec $300K in lost wages, plus additional shares of stock, based on Sterling's breach of contract.

The plaintiff was represented by attorneys Neal Sivyer and Ed Kuchinski. The defendant in this case, Ellen Hudec was represented by attorneys William Cassidy and John Johnson.

For more information, visit the CVN News Blog.


Hudec was found to not of breached her contract, cause damages, or breach her duty of loyalty
Hudec's Damages: $300,000 plus 15,000 fund units.



Recording Disclaimer: This proceeding was recorded in full.

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