|By Marketwired .||
|February 17, 2014 05:16 PM EST||
WASHINGTON, DC--(Marketwired - February 17, 2014) - Mane USA, a subsidiary of French fragrance and flavorings manufacturer V. Mane Fils SA, prevailed after a 5-week jury trial in federal court in New Jersey. Mane and its lead fine fragrance perfumer, James Krivda, were accused by competitor Givaudan Fragrances Corporation of conspiring to misappropriate over 600 trade secret fragrance formulas. Mr. Krivda was a highly successful and respected perfumer at Givaudan who left the company to join Mane in May 2008. While at Givaudan, Mr. Krivda created well-known perfumes such as Britney Spears Fantasy, Celine Dion Enchanting, Jennifer Lopez Deseo, and Ralph Wild by Ralph Lauren.
SRR Managing Director Michele Riley analyzed the trade secret formulas at issue and testified at trial on behalf of Mane regarding the appropriate value of the formulas. Givaudan had initially claimed that the "stolen" formulas were worth more than $80 million, but on February 6, 2014 an eight-member jury returned a unanimous verdict in favor of Mane and Mr. Krivda on all counts, and Givaudan collected no damages from either Mane or Mr. Krivda.
Ms. Riley is based in Washington, D.C. and co-leads SRR's Intellectual Property practice, which provides services to clients across the entire spectrum of IP issues, including litigation, valuation, compliance and transactions.
About SRR's Resources for Intellectual Property Professionals
SRR's professionals are experts in valuation, damages, and forensic accounting. SRR brings specialized knowledge to intellectual property attorneys and litigators to meet their diverse and demanding needs. Our cross-disciplined approach creates value by offering our clients a team of professionals including CPAs, Ph.D. economists, ASAs, ABVs, CFAs, and CFEs. Additionally, our team of computer forensic experts can assist in preserving and obtaining relevant case documentation. SRR experts have provided expert testimony in a myriad of industries, and we actively communicate with you to ensure that your client's expectations are addressed.
SRR is a global financial advisory firm specializing in Investment Banking, Valuation & Financial Opinions, and Dispute Advisory & Forensic Services. We serve a range of clients from Fortune 500 corporations to privately held companies in numerous industries around the world. Our clients and their advisors rely on our premier expertise, deep industry knowledge, and unparalleled responsiveness on complex financial matters. For more information, visit www.SRR.com.
SRR is a trade name for Stout Risius Ross, Inc. and Stout Risius Ross Advisors, LLC, a FINRA registered broker-dealer and SIPC member firm.
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