“CTI is happy with the jury verdict and the settlement payment. We have extensive intellectual property and trade secrets and will aggressively defend them,” said CTI founder Lyle Small. “We were shocked and disappointed that four former employees chose to take company secrets and use them against us. The potential consequences of a damages trial could have been devastating for the defendants. We decided that allowing the SilverFox principals this settlement was a reasonable gesture to let everyone get on with their lives.”
The four individual defendants, Rob Ugianskis, Eric Cathie, Jake Melcher and John Davis, are bound to a 10-year Permanent Injunction issued by the El Paso County, Colorado District Court, prohibiting them from serving in any sales or technical support capacity for thermochromic (temperature-sensitive) metal decorating ink products.