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EY accused of trade secret misappropriation, tortious interference, fraud



A recent case in the U.S. involved claims alleging misappropriation of trade secrets, breach of contract, common law fraud, tortious interference with existing contracts, and tortious interference with prospective business relations against Ernst & Young, LLP (EY) and/or one of its employees.

Ryan, LLC was an accounting and tax consulting firm that developed a severance tax and royalty practice group that helped oil and gas companies realize savings and obtain refunds of state taxes and federal royalties. It provided consulting services to energy sector companies whose financial statements EY, its competitor, audited.

Ryan sued EY and its employee, S.K. Thakkar. It wanted to stop the defendants from seeking, retaining, or using its confidential or proprietary information to conduct audits or to provide severance tax or federal royalty services.

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