duty of loyalty

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United States v. Betts, 511 F.3d 872 (9th Cir. 2007)

Marcus Brandon Betts, who worked for TransUnion (one of the three major credit reporting agencies), took bribes to conspire with his co-defendants to falsely improve credit scores. According to the Ninth Circuit, “it was a kind of private sector ticket-fixing scheme.” Betts falsified 654 credit histories, which generated about a million dollars in losses…

Huong Que, Inc. v. Luu, 150 Cal. App. 4th 400 (2007)

After Mui Luu and Cu Tu Nguyen sold Huong Que, Inc. (the “most well known, recognized and trusted brand name for traditional style Vietnamese calendars”) to Con Tu, they agreed to remain employed as the company’s “managing agents.” The sales agreement contained a covenant not to compete whereby Luu and Nguyen agreed not…