19 May 2023
Natural Trade Ltd. v MYL Trading Ltd.
The court issued oral reasons for judgment, expressing gratitude for the comprehensive written submissions that had assisted in understanding the complex commercial case. The plaintiffs had sought damages against six defendants for the theft of confidential information and conspiracy to harm their business. Various causes of action had been alleged, including breach of agreements and unlawful interference with economic relations. Default judgments had been entered against some defendants. The court had found overwhelming evidence of a conspiracy and had awarded damages against the defaulting defendants. It had been ruled that the plaintiffs had proved their case and were entitled to the following judgments:
a) The Defaulting Defendants had to pay the plaintiffs $6.6 million in disgorgement profits after deducting the settlement amount.
b) The Defaulting Defendants were liable for $314,063.99 in special damages.
c) Niron had been ordered to pay the plaintiffs $1,010,447.
d) Niron, Elizondo, Proterey, and EYM had been jointly liable for punitive damages of $200,000.
e) Valley Lumber had to pay $50,000 in punitive damages.
f) Tarimas had been liable for $50,000 in punitive damages.
g) Pre-judgment interest had been granted from May 5, 2020, to the present.
h) The Defaulting Defendants had been responsible for Scale B costs.