Jury Finds Wachovia Liable For Over $43M In Actual Losses In Trade Secrets Suit

(March 10, 2017, 12:38 PM EST) -- FORT LAUDERDALE, Fla. — A Florida jury on March 2 returned a verdict against Wachovia Mortgage Corp., finding it liable for more than $43 million in actual loss after an employee misappropriated trade secrets in violation of the Florida Uniform Trade Secrets Act (FUTSA) through a blast email that resulted in more than $1.5 million in contract rescissions for a condominium project (Veranda Condominium I LLC, et al. v. Wachovia Mortgage Corp., No. CACE 10-38942 [02], Fla Cir., 17th Jud. Cir.)....