• Airways
  • Railway
  • Roadways
  • Shipping & Port
Transport Advancement
  • Home
  • News
  • Projects
    Highways England unveils plans to widen A12

    Highways England unveils plans to widen A12

    African Development Bank, Africa50 in Landmark Bridge Project Linking Kinshasa and Brazzaville

    Geely Holding to Cooperate with China Aerospace Science and Industry Corporation on Developing Technologies Including Supersonic Trains

    AECOM to provide site supervision services for Malaysia’s East Coast Rail Link project

    Talgo obtains €30 million from the European Investment Bank for Innovation projects

    U.S. Department of Transportation Advances Rail Projects in Florida and Texas

    World premiere of the Mercedes-AMG Project ONE: Mercedes-AMG brings Formula 1 technology to the road

    One of the world’s longest electric car highways will be built in Australia

    CX North America Releases Next-Generation Mobile App for Drivers

  • Articles
  • Press Statements
  • Market Reports
    Austal signs agreement to buy BSE Maritime Solutions

    Austal signs agreement to buy BSE Maritime Solutions

    HPC leads machine learning initiative at Hamburg container terminal

    Chinas busiest port sees growth in sea-rail transport

    IATA health checklist to help airlines implement ICAO Covid-19 guidance

    Air cargo demand helps Korean to Q3 operating profit

    Kuehne + Nagel makes acquisitions in the Netherlands and Belgium to expand its overland network

    Kuehne + Nagel makes acquisitions in the Netherlands and Belgium to expand its overland network

    Transoft acquired Keysoft Solutions

    Transoft Solutions Completes Acquisition of Uk-based Keysoft Solutions

    GRAHAM

    GRAHAM revenue stabilisation sets the platform for sustainable growth

    DP World Acquires Topaz in USD 1.1 Bn Deal

    DP World Acquires Topaz in USD 1.1 Bn Deal

    Siemens sells electric aircraft-propulsion business to Rolls-Royce

    C.H. Robinson Acquires The Space Cargo Group to Expand Global Presence

    C.H. Robinson Acquires The Space Cargo Group to Expand Global Presence

  • Events
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Projects
    Highways England unveils plans to widen A12

    Highways England unveils plans to widen A12

    African Development Bank, Africa50 in Landmark Bridge Project Linking Kinshasa and Brazzaville

    Geely Holding to Cooperate with China Aerospace Science and Industry Corporation on Developing Technologies Including Supersonic Trains

    AECOM to provide site supervision services for Malaysia’s East Coast Rail Link project

    Talgo obtains €30 million from the European Investment Bank for Innovation projects

    U.S. Department of Transportation Advances Rail Projects in Florida and Texas

    World premiere of the Mercedes-AMG Project ONE: Mercedes-AMG brings Formula 1 technology to the road

    One of the world’s longest electric car highways will be built in Australia

    CX North America Releases Next-Generation Mobile App for Drivers

  • Articles
  • Press Statements
  • Market Reports
    Austal signs agreement to buy BSE Maritime Solutions

    Austal signs agreement to buy BSE Maritime Solutions

    HPC leads machine learning initiative at Hamburg container terminal

    Chinas busiest port sees growth in sea-rail transport

    IATA health checklist to help airlines implement ICAO Covid-19 guidance

    Air cargo demand helps Korean to Q3 operating profit

    Kuehne + Nagel makes acquisitions in the Netherlands and Belgium to expand its overland network

    Kuehne + Nagel makes acquisitions in the Netherlands and Belgium to expand its overland network

    Transoft acquired Keysoft Solutions

    Transoft Solutions Completes Acquisition of Uk-based Keysoft Solutions

    GRAHAM

    GRAHAM revenue stabilisation sets the platform for sustainable growth

    DP World Acquires Topaz in USD 1.1 Bn Deal

    DP World Acquires Topaz in USD 1.1 Bn Deal

    Siemens sells electric aircraft-propulsion business to Rolls-Royce

    C.H. Robinson Acquires The Space Cargo Group to Expand Global Presence

    C.H. Robinson Acquires The Space Cargo Group to Expand Global Presence

  • Events
  • Contact Us
No Result
View All Result
Transport Advancement
No Result
View All Result
Home Market Reports

Federal Jury punishes theft of trade secrets, awarding California rail company $39.6 million

13th May 2014
in Market Reports, Railway
0
SHARES
13
VIEWS
Share on FacebookShare on Twitter

After more than five years of litigation, a California federal jury has awarded Sierra Railroad Company (“Sierra”) $39.6 million in compensatory and punitive damages in a service contract dispute with Patriot Rail Corporation (“Patriot”). A California jury found that Patriot breached its non-disclosure agreement with Sierra, committed fraud, willfully and maliciously engaged in the theft of Sierra’s trade secrets, and interfered with Sierra’s rail service contract at McClellan Business Park in Sacramento, California.

Sierra was originally introduced to Patriot when discussing the potential sale of Sierra’s rail operations in order to fund Sierra’s construction of a demonstration project for its renewable waste-to-energy company, Sierra Energy.

Patriot, after taking over the rail contract, tried to obtain a court order in 2009 forcing Sierra to sell after prolonged negotiations, as well as requesting reimbursement for monetary damages.

The jury found Patriot’s lawsuit to be baseless and awarded Sierra $22.2 million in compensatory damages. The jury also found Patriot’s behavior to be “malicious, oppressive or fraudulent” and awarded Sierra an additional $17.4 million in punitive damages, for a total award of $39.6 million.

“Patriot stole our operation at McClellan and nearly bankrupted our company,” says Michael Hart, President and Chief Executive Officer of Sierra. “Being falsely accused of fraud for five years in federal court has deeply impacted not just Sierra, but our other businesses as well, such as Sierra Northern Railway, the Sierra Railroad Dinner Train, the Sacramento RiverTrain, the Skunk Train, and Sierra Energy. We’ve lost millions in revenue and lost opportunities.”

In 2012, SteelRiver Infrastructure Partners acquired Patriot Rail Corp. with full knowledge of the pending lawsuit and, a year later, changed Patriot’s name to Patriot Rail Company, LLC. Because of this change, Patriot stated that they don’t feel they should be held liable for punitive damages and will likely appeal.

“Neither Patriot Rail Company, LLC nor its new owners made any effort after the 2012 sale to dismiss Patriot’s baseless lawsuit against Sierra, to return the stolen McClellan operation to Sierra, or to otherwise compensate Sierra for Patriot’s illegal actions,” says Sierra’s General Counsel, Torgny Nilsson. “Judge Troy L. Nunley correctly found that the sale and name-change did not alter Patriot’s liability for the damages awarded by the jury.”

“This verdict is a critical step toward our being made whole again, enabling us to repay our debts and to propel Sierra Energy’s FastOxâ„¢ gasification technology forward as a way to cleanly create energy from waste,” says Hart. “We want to thank the jury for taking time out of their lives to hear the case and for sending a clear signal to companies such as Patriot that fraud and the theft of trade secrets will not go unpunished.”

About Sierra Railroad Company

Sierra Railroad Company is a privately owned rail operator with a freight, an entertainment and a renewable energy division. For more information, visit www.SierraRailroad.com. 

SOURCE Sierra Railroad Company

Previous Post

Box Ships Inc. Reports Financial Results For The Quarter Ended March 31, 2014 And Announces Share Buyback Program

Next Post

London Mayor plans £30bn underground ring road

Related Posts

Skoda Transportation buys tram and bus maintenance business
News

Manchester Metrolink contracts DB ESG for tram safety improvement

31st May 2023
Alstom-Bombardier consortium awarded contract to renew the metros of the Ile-de-France region
News

Alstom to develop first automated metro system in Romania

31st May 2023
ACCIONA grows in Philippines with construction of South Commuter Railway Project
News

Govia Thameslink moves forward with digital signalling testing

31st May 2023
News

LNER, Agility Trains and Hitachi Rail sign relationship charter

25th May 2023
News

Arriva Group grows its rail business in Czech Republic with contract win

25th May 2023
Alstom and EDC enter €2.3bn sustainability agreement
News

Alstom and EDC enter €2.3bn sustainability agreement

25th May 2023
Next Post

London Mayor plans £30bn underground ring road

Latest Post

Airways

Middle Eastern Airlines Witness A Significant Drop In Demand

3rd June 2023
Canadian logistics technology company Machool fosters its presence by entering into partnerships with Spring GDS and Air Canada Cargo
Airways

Canadian logistics technology company Machool fosters its presence by entering into partnerships with Spring GDS and Air Canada Cargo

2nd June 2023
WFS to boost logistics infrastructure at BLR as perishables trade grows
Airways

WFS to boost logistics infrastructure at BLR as perishables trade grows

2nd June 2023
Scan Global Logistics launches SAF pilot project with Majid Al Futtaim Lifestyle
Airways

Scan Global Logistics launches SAF pilot project with Majid Al Futtaim Lifestyle

25th May 2023
Airways

DHL Global Forwarding Opens $1.5m Pharmaceutical Facility

18th May 2023
Qatar Airways Cargo Transpacific Freighter Route
Airways

Qatar Airways Cargo relaunches Next Generation Pharma

29th April 2023
Transport Advancement

About Us

Transport Advancement is a leading information centric website for latest updates within the industry. We cover Railway, Road Traffic, Airways, Shipping & Port and run with an objective to provide knowledge driven content to our readers and subscribers in various forms like news, projects, upcoming events.

Resources

  • Advertise with us
  • Contact Us
  • Newsletter Archive
  • Download Mediapack
  • Newsletter Subscription

System

  • Search
  • Site map
  • RSS Feed
  • Airways
  • Railway
  • Roadways
  • Shipping & Port

© 2022 Copyright Value Media Services 2022 All rights reserved.

No Result
View All Result
  • Home
  • News
  • Projects
  • Articles
  • Press Statements
  • Market Reports
  • Events
  • Contact Us

© 2022 Copyright Value Media Services 2022 All rights reserved.