Ajaxo Inc. v. E Trade Group, Inc.

Opinion

ELIA, J.

Introduction

Following a seven-week trial, on April 22, 2003, a jury found that E*Trade Group Inc. (E*Trade) had breached a mutual nondisclosure agreement it had with Ajaxo Inc. (Ajaxo) by disclosing protected information to Everypath Inc. (Everypath). The jury assessed $1.29 million in damages against E*Trade for breach of the nondisclosure agreement.

In addition, the jury found that Ajaxo was the owner or licensee of a trade secret. The jury found that E*Trade disclosed that trade secret to Everypath without Ajaxo’s consent, and that E*Trade knew or had reason to know that…