SAFE Security awarded nearly $1.5 million in lawsuit against Alder Holdings
Paul Sargenti, President and CEO of San Ramon, Calif.-based SAFE Security, recently announced that after a two-week trial in Anchorage, the U.S. District Court for the District of Alaska has entered a judgment in favor of SAFE for nearly $1.5 million in compensatory and punitive damages against several Alder Holdings companies.
In the unanimous 8-0 decision against defendants including Alder Holdings LLC, Alarm Protection Technology LLC, Alarm Protection Technology Alaska LLC, and Alarm Protection Alaska LLC, a federal jury found the companies liable for false association, unfair or deceptive trade acts or practices, misappropriation of trade secrets and defamation.
SAFE’s lead counsel in this case was Bob Sallander of Greenan, Peffer, Sallander & Lally LLP. The court will now take under consideration SAFE’s request for attorneys’ fees and costs related to the action.