September 25, 2019

Wellington biologics company fined $2M from lawsuit

FORT COLLINS — A federal court has found a former employee at a Fort Collins biologics company illegally stole his former employer’s secrets when he formed a competing firm.

The Coloradoan reports the court fined Thomas Kutrubes just over $2 million for stealing confidential secrets and customer lists to start the Wellington company Peak Serum Inc., while claiming Peak was a sister company to his old employer.

FORT COLLINS — A federal court has found a former employee at a Fort Collins biologics company illegally stole his former employer’s secrets when he formed a competing firm.

SPONSORED CONTENT

Solar Operations and Maintenance for Commercial Properties

One key qualification to consider when selecting a solar partner to install your system is whether they have an Operations and Maintenance (O&M) or service department. Since solar is a long-term asset with an expected lifecycle of 30 plus years, ongoing O&M should be considered up front. A trusted O&M partner will maximize your system’s energy output and therefor the return on your investment.

The Coloradoan reports the court fined Thomas Kutrubes just over $2 million for stealing confidential secrets and customer lists to start the Wellington company Peak Serum Inc., while claiming Peak was a sister company to his old employer.

Sign up for BizWest Daily Alerts