Phillips 66 ordered to pay $604.9m for misappropriating trade secrets

By Yahoo! Finance | Oct 18, 2024 at 07:19 AM EST

Phillips 66 ordered to pay $604.9m in damages for stealing Propel Fuels' trade secrets, enhancing its renewable-fuel business. The court found Phillips 66 guilty of using confidential information under the guise of an acquisition. Despite disappointment, Phillips 66 plans to explore legal options.

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