{"id":7829,"date":"2021-02-03T10:00:55","date_gmt":"2021-02-03T10:00:55","guid":{"rendered":"https:\/\/www.robertkreisman.com\/injury-lawyer\/?p=7829"},"modified":"2021-02-01T02:26:59","modified_gmt":"2021-02-01T02:26:59","slug":"u-s-district-court-for-the-northern-district-of-illinois-decides-breach-of-fiduciary-duty-claim","status":"publish","type":"post","link":"https:\/\/www.robertkreisman.com\/injury-lawyer\/u-s-district-court-for-the-northern-district-of-illinois-decides-breach-of-fiduciary-duty-claim\/","title":{"rendered":"U.S. District Court for the Northern District of Illinois Decides Breach of Fiduciary Duty Claim"},"content":{"rendered":"

ABC Acquisition Co.<\/a>\u2019s breach of fiduciary duty claim was brought against James Trausche, the former president of Aetna Bearing Co. Trausche’s business assets were acquired by ABC.\u00a0 This issue of law presented a question of first impression under Illinois law about an officer\u2019s obligations to a successor corporation.<\/p>\n

After ABC purchased substantially all of Aetna\u2019s assets (including intellectual property) and hired three of Aetna\u2019s employees (including Donald Koziel) Trausche formed AIP Products Corp., hired Koziel and started competing against ABC.<\/p>\n

ABC filed a federal complaint in the Northern District of Illinois in Chicago. ABC alleged that Trausche, AIP, and Koziel violated the federal Defend Trade Secrets Act<\/a> and the Illinois Trade Act (Count 1 and 2). The complaint also alleged that Koziel violated the Computer Fraud and Abuse Act<\/a> and breached his employment agreement (Count 3 and 4) and that Trausche and Koziel breached fiduciary duties allegedly owed to ABC.<\/p>\n

Continue reading<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

ABC Acquisition Co.\u2019s breach of fiduciary duty claim was brought against James Trausche, the former president of Aetna Bearing Co. Trausche’s business assets were acquired by ABC.\u00a0 This issue of law presented a question of first impression under Illinois law about an officer\u2019s obligations to a successor corporation. After ABC purchased substantially all of Aetna\u2019s […]<\/p>\n","protected":false},"author":795,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"enabled":false},"version":2}},"categories":[49,134,133],"tags":[],"class_list":["post-7829","post","type-post","status-publish","format-standard","hentry","category-business-litigation","category-commercial-litigation","category-contract-litigation"],"yoast_head":"\nU.S. District Court for the Northern District of Illinois Decides Breach of Fiduciary Duty Claim — Chicago Injury Lawyer Blog<\/title>\n<meta name=\"description\" content=\"ABC Acquisition Co.\u2019s breach of fiduciary duty claim was brought against James Trausche, the former president of Aetna Bearing Co. 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