$31M Jury Verdict for Hallmark Cards Affirmed on Appeal
Hallmark Cards, Inc. v. Monitor Clipper Partners, LLC
United States District Court (W.D. Mo.)
Following a 10-day federal court trial, we obtained a jury verdict for $21.3 million in actual damages and $10 million in punitive damages in favor of Hallmark in a trade secret misappropriation lawsuit against private equity firm Monitor Clipper Partners. This verdict was affirmed in full by the 8th Circuit Court of Appeals in July 2014. Monitor Clipper used Hallmark trade secrets entrusted to a sister company, and forensic analysis uncovered evidence of data destruction by key employees of Monitor Clipper. The victory followed collection of a 2010 settlement for $12.5 million from Monitor Company Group.
Attorneys
Charles German
Daniel Blegen
Jeremy Suhr