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  • Atlas Biologicals Awarded $2.04M in Federal Court vs. Former Employee Thomas Kutrubes, Peak Serum, Inc. Peak Serum, Inc. Files Bankruptcy

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    Fort Collins, CO-based biotechnology firm Atlas Biologicals has been awarded $2.04M in a case versus former employee Thomas Kutrubes and Peak Serum, Inc. The judgment states Kutrubes allegedly set up Peak Serum, Inc. secretly while still employed at Atlas Biologicals, then gathered and used trade secrets, marketing collateral, customer databases, and other intellectual property without company knowledge or approval.

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    Atlas Biologicals Awarded $2.04M in Federal Court vs. Former Employee Thomas Kutrubes, Peak Serum, Inc.; Peak Serum, Inc. Files Bankruptcy

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    Fort Collins, CO-based biotechnology firm Atlas Biologicals has been awarded $2.04M in a case versus former employee Thomas Kutrubes and Peak Serum, Inc. The judgment states Kutrubes allegedly set up Peak Serum, Inc. secretly while still employed at Atlas Biologicals, then gathered and used trade secrets, marketing collateral, customer databases, and other intellectual property without company knowledge or approval.

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    19 vizualizări2 pagini

    Atlas Biologicals Awarded $2.04M in Federal Court vs. Former Employee Thomas Kutrubes, Peak Serum, Inc. Peak Serum, Inc. Files Bankruptcy

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    PR.com
    Fort Collins, CO-based biotechnology firm Atlas Biologicals has been awarded $2.04M in a case versus former employee Thomas Kutrubes and Peak Serum, Inc. The judgment states Kutrubes allegedly set up Peak Serum, Inc. secretly while still employed at Atlas Biologicals, then gathered and used trade secrets, marketing collateral, customer databases, and other intellectual property without company knowledge or approval.

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    Atlas Biologicals Awarded $2.04M in Federal Court vs.

    Former Employee
    Thomas Kutrubes, Peak Serum, Inc.; Peak Serum, Inc. Files Bankruptcy

    Fort Collins, CO-based biotechnology firm Atlas Biologicals has been awarded $2.04M in a case
    versus former employee Thomas Kutrubes and Peak Serum, Inc. The judgment states Kutrubes
    allegedly set up Peak Serum, Inc. secretly while still employed at Atlas Biologicals, then gathered
    and used trade secrets, marketing collateral, customer databases, and other intellectual property
    without company knowledge or approval.

    Fort Collins, CO, November 26, 2019 --(PR.com)-- Atlas Biologicals, a privately-held firm located in
    Fort Collins, CO, has been awarded $2.04M in damages in a legal case versus their former employee,
    Thomas Kutrubes, CEO of Peak Serum, Inc.

    The judgment stems from allegations that Kutrubes allegedly stole trade secrets, intellectual property,
    customer contact lists, branding, and formulations from Atlas Biologicals, setting up a new company
    while still employed there, and using these to advantage in his new company, including claim of
    operating as a “sister company" to Atlas. It was also alleged that Peak had falsified labels and exported
    mislabeled serum products. The case (Civil Action No. 15-cv-00355-CMA-KMT) was presided over in
    the US District Court for the State of Colorado by Judge Christine M. Arguello.

    Judgment was finalized on September 23, 2019 in Atlas Biologicals' favor and Kutrubes is required to
    compensate Atlas Biologicals in the amount of $2.04M. As of November 13, 2019, Peak Serum, Inc. filed
    for Chapter 11 Bankruptcy.

    Atlas Biologicals was founded by Richard (“Rick”) Paniccia and Brent Bearden in 1998 and both remain
    majority owners as of 2019.

    Atlasbio.com
    Media: Dawn Duncan, Yellowbright, Inc., 970.980.6399, dawn@yellowbrightinc.com

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    Contact Information:
    Yellowbright, Inc.
    Dawn Marie Duncan
    970-980-6399
    Contact via Email
    yellowbrightinc.com
    dawn@yellowbrightinc.com
    michelle@atlasbio.com

    Online Version of Press Release:


    You can read the online version of this press release at: https://www.pr.com/press-release/800117

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