Hallmark Prevails in Trade Secrets Lawsuit
KANSAS CITY, Mo., Nov. 19, 2012 /PRNewswire/ -- Today, a jury in the U.S. District Court for the Western District of Missouri, ruled in Hallmark's favor on all claims in a case against Monitor Clipper Partners, a Boston-based private equity firm.
The jury found that Monitor Clipper misappropriated Hallmark's trade secrets from Monitor Consulting Group, which had done consulting work with Hallmark in the past. Hallmark was awarded $31.3 million which included $10 million in punitive damages.
"We are pleased with the jury's verdict and their recognition of the importance of protecting proprietary business information and intellectual property," said Brian Gardner, executive vice president – general counsel.
About Hallmark Cards, Inc.
Privately-held Hallmark Cards is headquartered in Kansas City, MO. Visit http://corporate.hallmark.com for more details.
SOURCE Hallmark Cards, Inc.
More by this Source
Greeting Cards Make a Lasting Impression at Christmas
Dec 03, 2013, 09:00 ET
Hallmark offers magical ways to count down the days to Christmas
Nov 25, 2013, 09:00 ET
Hallmark announces 2013 results
Mar 11, 2014, 16:01 ET
Browse our custom packages or build your own to meet your unique communications needs.
Learn about PR Newswire services
Request more information about PR Newswire products and services or call us at (888) 776-0942.