As you may know, on or around April 10, 2008, Lew Racing, Inc., Paul Lew and Lee Vaccaro (the "Lew Parties") filed a twenty page complaint alleging misappropriation of trade secrets against Edge Composites, LLC, and Jason Schiers (the "Edge Parties") in Nevada State Court.
A hearing on an application by the Lew Parties for a temporary restraining order was held on Wednesday, April 16, 2008, in Clark County, Nevada, at which the Court requested further argument. On April 28, 2008, the Court heard argument but did not accept evidence to determine if it would issue injunctive relief to enjoin the further misappropriation of Lew’s trade secrets. Furthermore, on May 5, 2008, the Court issued a minute order denying Lew’s request for extraordinary relief. The Court retained jurisdiction to hear the case on the merits, and Lew intends to litigate the matter to its natural conclusion.
We believe the Court erred but will commence discovery as soon as Edge files its answer in the trial court. We further believe that all of the allegations made will established in court once the evidence is adduced at trial. In other words, the hearings of April, 2008, are merely the first stages of a lengthy legal proceeding, which are required in trade secret infringement cases.
Should you have any questions concerning the information contained herein, please contact our legal counsel, Jeffrey J. Whitehead, Esq., at Whitehead Law Offices, 2431 W. Horizon Ridge Pkwy., Ste. 110, Henderson, NV 89052, 702-451-7272.
VP of Corporate Development