Myriad Development, Inc. v. Alltech, Inc.
This case involves a dispute between Myriad Development, Inc. (Plaintiff/Counter-Defendant) and Alltech, Inc. (Defendant/Counter-Plaintiff) concerning three contracts: the APPRISE Agreement, AIMS Agreement, and Subcontract for Labor, as well as claims of trade secret misappropriation. Myriad alleged breach of contract and trade secret misappropriation, while Alltech filed counterclaims for breach of contract and conversion of photographs. The jury found Alltech materially breached the APPRISE and AIMS Agreements, and misappropriated Myriad's trade secrets. However, the Court, after review, ruled that Myriad could not recover lost profits for breach of the APPRISE and AIMS Agreements due to contract cancellation. The Court awarded Myriad $21,263 for unpaid amounts under the APPRISE Agreement, $198,110 for unpaid amounts under the Subcontract for Labor, and $250,000 in reasonable royalty for trade secret misappropriation. Alltech's counterclaims for conversion damages were denied due to insufficient evidence of fair market value.