Civil Theft, Conversion and Recovery of Business Assets
Theft of business assets by internal and external parties has become increasingly common due to advances in technology, permitting the ease of transmitting information. Often the business asset stolen is a customer list, database or other valuable information that the business has spent resources building or acquiring and protecting. This theft can occur by a disgruntled employee who intends to use or sell the information to harm his employer or by a competitor or another third party simply seeking to damage a business. Other times, it is a rogue partner who has stolen funds from the business' bank account.
Locating, identifying and pursuing a party who commits such theft can be a challenging and frustrating process. However, successful litigants can often compel an injunction (prohibiting the ongoing use of such stolen assets) as well as recover damages for the theft and misuse of the assets. In fact, under Florida law, a litigant who is the victim of civil theft can pursue a case for three times the value of the stolen property pursuant to Florida's civil theft statute. Florida's civil theft statute has a higher burden of proof then a common law claim of conversion (theft), but a successful litigant can also recover their attorney's fees under the statute.
The ability to quickly and successfully pursue a claim based on theft of business assets is essential to the viability of a business whose assets have been stolen or misappropriated. Additionally, when a business falsely attacks a competitor, employee or partner by claiming it has stolen assets, the successful defense of such a case is necessary to protect the defendant from such claims.
At Brick Business law, we pursue and defend causes of action for theft, conversion, civil theft, misuse and misappropriation of business assets. Contact us for a free initial consultation.