Arxada Holdings NA Inc. v. Harvey

CourtCourt of Chancery of Delaware
DecidedJanuary 28, 2026
DocketC.A. No. 2024-0771-JTL
StatusPublished

This text of Arxada Holdings NA Inc. v. Harvey (Arxada Holdings NA Inc. v. Harvey) is published on Counsel Stack Legal Research, covering Court of Chancery of Delaware primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Arxada Holdings NA Inc. v. Harvey, (Del. Ct. App. 2026).

Opinion

IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE

ARXADA HOLDINGS NA INC., ) ) Plaintiff, ) ) v. ) C.A. No. 2024-0771-JTL ) MICHAEL HARVEY, AARON HARVEY, ) PHIL HARVEY, CAPACITY CHEMICAL, ) LLC, and BLUETECH LABORATORIES, ) INC., ) ) Defendants. )

POST-TRIAL OPINION

Date Submitted: November 3, 2025 Date Decided: January 28, 2026

Joseph L. Christensen, CHRISTENSEN LAW LLC, Wilmington, Delaware; Michael A. Duffy, Colleen E. Baime, Michael D. Lehrman, Crofton J. Kelly, BAKER & McKENZIE LLP, Chicago, Illinois; Counsel for Plaintiff.

Gary W. Lipkin, Devan A. McCarrie, Allison M. Neff, SAUL EWING LLP, Wilmington, Delaware; Gary B. Eidelman, SAUL EWING LLP, Baltimore, Maryland; Steven C. Kerbaugh, Kayla Kienzle, SAUL EWING LLP, Minneapolis, Minnesota; Erik P. Pramschufer, SAUL EWING LLP, New York, New York; Margaret G. Clark, SAUL EWING LLP, Wayne, Pennsylvania; Counsel for Defendants.

LASTER, V.C. The founder, CEO, and longtime principal of a company sold it for $450 million.

He agreed to work post-acquisition and comply with restrictive covenants in the stock

purchase agreement.

After the buyer took over, the founder disagreed with the new direction. He

advised customers on how to obtain better terms from the company. He also laid the

groundwork to compete with the company.

The buyer decided to terminate the founder. After learning of his impending

termination, the founder coordinated with his two nephews, who held senior roles at

the company. Together, they downloaded massive amounts of information, including

the company’s most important trade secrets. The nephews resigned, and the founder

arranged for them to receive $4 million to start a competing business. The founder

advised his nephews and helped them manage the competing operation. He also

bought a firm that owned intellectual property that would facilitate competition with

the company’s most important products, and he pursued that goal.

The buyer sued. The buyer proved that the founder, his nephews, the

competitor, and the intellectual property firm misappropriated trade secrets. They

are jointly and severally liable for $0.9 million in lost profits and $24,224,125.59 in

disgorgement based on avoided costs. They are liable for the same amount—

$25,124,125.59—in exemplary damages. The buyer can also recover its expenses

(including attorneys’ fees).

The buyer proved that the founder breached his restrictive covenants. He is

permanently enjoined from taking action that would violate his restrictive covenants with the injunction lasting until October 24, 2029. He cannot violate his restrictive

covenants directly or indirectly. During the restricted period, he therefore cannot

work for or with the competitor. He also cannot pursue projects through the

intellectual property firm.

The buyer proved that the nephews, the competitor, and the intellectual

property firm tortiously interfered with the founder’s restrictive covenants. They are

liable for $0.9 million in lost profits. That reflects the same amount of lost profits

awarded for trade secret misappropriation. The buyer can only recover once.

The buyer proved that the founder and his nephews breached their fiduciary

duties as employees. As a remedy, the court awards the same compensatory relief—

$0.9 million in lost profits and $24,224,125.59 in disgorgement. The buyer may also

recover its expenses (including attorneys’ fees) as part of its damages. Here too, the

buyer can only recover once. In addition, the founder and his nephews are enjoined

for one year from using the confidential information they took. For the founder, the

injunction awarded for breach of his restrictive covenants is already broader and

longer. For the nephews, this is additional relief.

The buyer proved that the competitor and the intellectual property firm aided

and abetted the breaches of fiduciary duty. Those entities are jointly and severally

liable. They also face the one-year injunction.

I. FACTUAL BACKGROUND

Trial took place over three and a half days. The parties submitted 1,043

exhibits and lodged depositions from twenty-four witnesses. Thirteen witnesses

2 testified live. The parties agreed on just eighty-nine stipulations of fact. The following

factual findings rest on a preponderance of the evidence.1

A. Mike Builds The Company.

In 1991, Michael Harvey formed Enviro Tech Chemical Services, Inc. (the

“Company”).2 Based in California, the Company manufactures and sells microbial

control products, including bromine-based biocides and products using peracetic acid

(“PAA”), a powerful antimicrobial and disinfectant. The Company sells its products

and provides related services to customers operating primarily in the agricultural,

food, and beverage industries.3

Mike served as CEO for thirty years. He ran the Company as a family business,

employing Brian Harvey, his son, and Phil and Aaron Harvey, two nephews who were

like sons to Mike. Phil joined the Company in 2006 and Aaron in 2009.4 Both rose

1 Citations in the form “[Name] Tr.” refer to witness testimony from the trial

transcript. Citations in the form “[Name] Dep.” refer to witness testimony from a deposition transcript. Citations in the form “JX __ at __” refer to joint trial exhibits. Citations in the form “PTO ¶ __” refer to the pre-trial order. Citations in the form “Dkt. __” refer to docket entries in this action.

2 Mike Tr. 119. I normally identify individuals by their last names without

honorifics. In this case, the members of the Harvey family share a last name. This decision uses their first names without implying familiarity or intending disrespect.

3 Id. at 120.

4 Phil Tr. 282; Aaron Tr. 409.

3 through the ranks to senior operational roles. Phil ultimately became Vice President

of National Operations, and Aaron became Vice President of Operations.5

B. The Sale

In 2021, Mike was about seventy years old and ready to retire.6 He hired an

investment banker to market the Company, and the banker prepared a confidential

information memorandum to describe the Company to prospective buyers. The

memorandum marketed the Company as “a category-leading producer of proprietary

and high-efficacy antimicrobial and biocidal products.” 7 It touted the Company’s

“[e]xperienced chemical research team” and represented that the Company had

developed an “expansive IP portfolio” characterized by “proprietary formulations”

and a “[p]ipeline of new product innovation” that includes “quaternary ammonium

salts, high-performance PAA products, new methods and applications.”8

Arxada Holdings NA Inc. (the “Buyer”) is a global specialty chemicals company.

The Buyer saw the confidential information memorandum and became interested.

5 PTO ¶¶ 25, 50.

6 See Mike Tr. 165–66 (“COVID took a lot out of me. Currently, I’m almost 75

years old, and during that period, I worked 100-hour weeks for seven months straight without a day off. And afterwards, I realized I can’t do this anymore. I’m just too old. I needed to take a pause.”).

7 JX 700 at 5.

8 Id. at 6, 37.

4 For the Buyer, the Company provided an opportunity to strengthen its microbial

solutions business and enter new markets like wastewater treatment.9

Mike and the Buyer entered into a Stock Purchase Agreement dated

December 9, 2021 (the “Sale Agreement”). Under that agreement, the Buyer acquired

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