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Phillips 66 hit with $604.9 million US verdict in fuel trade-secrets case
Energy company Phillips 66 owes biofuel maker Propel Fuels $604.9 million in damages for stealing Propel's trade secrets to build up its renewable-fuel capabilities, a jury in a California state court decided on Wednesday.
Phillips 66 ordered to pay $604.9m for misappropriating trade secrets
The jury determined that Phillips 66 wilfully used Propel's confidential information to establish a competing business.
Sacramento-based Propel Fuels wins $604.9 million trade secret lawsuit against Phillips 66
Sacramento, California-based low-carbon fuel company Propel Fuels Inc. has won a $604.9 million jury award in its trade secrets misappropriation lawsuit against Houston-based oil giant Phillips 66 (NYSE: PSX).
Phillips 66 Told to Pay $604.9 Million in Trade Secrets Case
Phillips 66 should pay $604.9 million for stealing trade secrets from a low-carbon fuel provider that it considered acquiring while preparing to enter the California renewables market, a jury said.
Phillips 66 hit with $605M jury verdict in fuel trade secrets case
A California jury said Phillips 66 (NYSE:PSX) should pay $604.9M in damages for stealing trade secrets from a biofuel company it considered acquiring, the company disclosed Thursday in an 8-K filing.
2d
on MSN
Phillips 66 Announces Shutdown of L.A. Refinery, Impacting 900 Workers
The factory accounts for about eight percent of California's refining capacity, while its closure will affect 900 jobs.
2d
on MSN
Phillips 66 refinery closure a welcome surprise to environmental and community activists
Complaints of acrid odors, fiery accidents, soot and harmful emissions have gained new resonance in recent years.
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Phillips 66 refinery closing near the Port of Los Angeles next year
Phillips 66 plans to close its refinery near the Port of Los Angeles in late 2025. The company’s announcement Wednesday ...
1d
Phillips 66 quietly explores redevelopment of LA refinery complex
Energy giant Phillips 66 has hired two development powerhouses to envision what could be built on Los Angeles land in once ...
1d
Phillips 66 Is Expanding Past Its Refining Roots
See why Phillips 66 is poised for success with their solid asset portfolio and focus on down-cycle profits for growing ...
justthenews
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Phillips 66 closes LA refinery due to state’s ‘hostility’ toward oil and gas: analysts say
Phillips 66 denies its decision to close the L.A. refinery was related to the passing of the controversial refinery supply ...
3d
on MSN
Oil company Phillips 66 says it will shut down Los Angeles-area refinery
Oil company Phillips 66 has announced that it plans to shut down a Los Angeles-area refinery that accounts for about 8% of ...
1d
Cleanup of Phillips 66 refineries could take years, LA water board says
Significant amounts of contamination” in soil and groundwater exist on the 650-acre complexes in Wilmington and Carson ...
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