Business tort cases involve allegations of wrongdoing within the business context and often go hand-in-hand with contract disputes. These include allegations such as:
- breach of covenants not to compete
- misappropriation of trade secrets
- unfair competition
- intentional and/or negligent interference with prospective economic advantage
- trade libel and/or defamation
The key practical difference is that a plaintiff suing for a breach of contract is generally limited to his or her actual damages resulting from the breach of contract, typically defined as the amount necessary to put the plaintiff in the position he or she would have been in had the defendant abided by the contract. Business torts, on the other hand, involve objective wrongdoing, and thus may allow a plaintiff to recover exemplary or punitive damages that greatly exceed his or her actual losses.
For example, in 2015, Mr. Torrez successfully litigated and subsequently negotiated a settlement on behalf of a water treatment company in a lawsuit against a competitor alleging that the competitor had poached a key employee and induced him to violate non-compete and other agreements. See U.S. Water Services, Inc. v. International Chemstar, Inc., (Civ. No. GLR-14-347) (D.Md. 2014).
For more information about how Mr. Torrez can assist you with your business disputes, please contact the Law Offices of P. Andrew Torrez at (240) 230-7309 or via email at email@example.com.