Coin company, former employee agree to permanent injunction
Last month, U.S. Money Reserve Inc. filed a lawsuit and a request for a permanent injunction against Stephen Dominguez, a former employee, who allegedly quit and made off with the coin company's trade secrets.
The suit was filed in the Jefferson County District Court on Jan. 16. And on Feb. 7 Judge Gary Sanderson, 60th Judicial District, signed an agreed order for a permanent injunction.
Apparently, both parties were able to settle their differences and reach an agreement outside of court. Both parties jointly asked Judge Sanderson to approve the agreed permanent injunction, the order stated.
According to the plaintiff's petition, Dominguez violated the confidential services and trade secrets clause of the employment agreement he entered into with U.S. Money Reserve on Jan. 11, 2007.
"Specifically, Defendant left the employment of the Plaintiff on or about Jan. 4, 2008. The contract, among other things, prohibited Defendant from soliciting for hire any past, present or future employee, agent, representative or consultant of Plaintiff," the suit said.
"The Defendant has violated the terms of these restrictive covenants and has breached the Contract and as a result, has proximately caused actual damages to the Plaintiff, for which Plaintiff now sues."
U.S. Money Reserve had asked Judge Sanderson to issue a temporary injunction, restraining Dominguez from soliciting for hire any of the coin company's past, present or future employees and now the agreed upon order makes that injunction permanent.
U.S. Money Reserve was also suing for actual damages; however, the injunction does not state if the coin company received any money.
The coin company is represented by attorney Chris Portner of the Reaud, Morgan & Quinn law firm.
Case No. B181-027