Industry News, Ink Manufacturers News

SilverFox Innovations Agrees to $1.1 Million Settlement for Misappropriating Trade Secrets from CTI

Defendants are bound to a 10-year Permanent Injunction for thermochromic metal decorating ink products.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Chromatic Technologies Inc. (CTI) announced that SilverFox Innovations has agreed to a $1.1 million settlement and a 10-year permanent injunction, following a June 5, 2015 jury verdict that found, beyond a reasonable doubt, that four former CTI employees misappropriated trade secrets and that their actions were attended by circumstances of fraud, malice, or willful and wanton conduct. “CTI is happy with the jury verdict and the settlement payment.  We have extensive intellectual property and ...

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