Jury awards Propel Fuels $604.9M in trade-secret lawsuit against Phillips 66 subsidiary

Phillips 66

Jury returned $604.9M compensatory damages verdict against Phillips 66 Company for misappropriation of trade secrets in renewable fuels business.
Court has not entered judgment; several post-trial motions pending before the Superior Court of Alameda County, California.
Phillips 66 denies wrongdoing, intends to vigorously defend its position, and is evaluating all legal options.
Verdict announced on October 16, 2024; Propel Fuels Inc. filed lawsuit alleging trade secret theft.

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