Finkel v. Cashman Prof’l, Inc.

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When Employee left his employment, Employee and Employer entered into a consulting agreement containing restrictive covenants prohibiting Employee from disclosing Employer's confidential information. After Employee purchased another competing company, Employer filed a motion alleging breach of the agreement and seeking a preliminary injunction to enforce the Agreement's covenants. The district court granted Employer's request, concluding that Employee had likely violated several provisions of the agreement and had misappropriated trade secrets in violation of Nevada's Uniform Trade Secrets Act. Employee then filed a motion to dissolve the preliminary injunction upon termination of the agreement, which the district court denied. The Supreme Court (1) affirmed the court's order granting preliminary injunctive relief; and (2) reversed the court's order denying Employee's motion to dissolve the injunctive provisions, finding that the court improperly relied on the terminated agreement in declining to dissolve the injunction and failed to make findings as to the continued existence of a trade secret and for what constitutes a "reasonable period of time" for maintaining an injunction under the Act. View "Finkel v. Cashman Prof'l, Inc." on Justia Law