Trade Secret Theft Case Nets 5-Year Prison Term for North Texas Exec

A press release provides the latest development in a case involving insider wrongdoing:

A civil trade secret theft case initiated by Dallas attorney Matthew Yarbrough has resulted in a five-year federal prison term for a former North Texas CEO following his conviction for computer hacking.

Michael Musacchio, 62, was sentenced to 63 months in federal prison on Sept. 5 by U.S. District Court Judge Jorge A. Solis of Dallas. Mr. Musacchio was convicted of hacking the computer system maintained by his former employer, Exel Transportation Services, and using related trade secrets at a new company, Total Transportation Services LLC of Frisco.

The criminal case was based on a trade secret theft lawsuit filed in 2006 by Mr. Yarbrough. That case yielded a $10 million settlement against Total Transportation Services.

For more information on the civil Exel Transportation trade secret theft case, please contact Dave Moore at 800-559-4534 or [email protected].

SOURCE:  Yarbrough Law Group, via PRNewswire

More background on the case can be found in the Dallas Observer‘s coverage of September 6.

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