U.S. Money Reserve Inc. has filed a lawsuit and a request for an 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.
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."
As soon as a hearing is set, U.S. Money Reserve will ask Judge Gary Sanderson, 60th Judicial District, to issue a temporary injunction, restraining Dominguez from soliciting for hire any of the coin company's past, present or future employees.
If the case goes to trial, the "Plaintiff (will) seek a permanent injunctionÃ¯Â¿Â½ which will permanently enjoin, prevent, and stop the Defendant from engaging in any activities that violates the terms of any Employment Agreement, and any other like or similar activities."
U.S. Money Reserve is also suing for actual damages.
The coin company is represented by attorney Chris Portner of the Reaud, Morgan & Quinn law firm.
Case No. B181-027