Propel Fuels sues Phillips 66 for trade secrets and unlawful business practice violations

In California, Propel Fuels, Inc has filed a lawsuit against Phillips 66 Company, claiming the Texas-based oil company misappropriated Propel’s trade secrets and engaged in unlawful business practices in violation of California’s Uniform Trade Secrets Act and Unfair Competition Law.

Propel is represented by the San Francisco law offices of global disputes firm Kobre & Kim, who brought the suit Feb. 16, 2022, in Alameda County Superior Court. The complaint, unsealed Tuesday by the court, alleges Phillips 66 obtained Propel’s trade secrets during the due diligence process for a proposed acquisition only to walk away from the deal and launch its own renewable fuels business in California shortly before the acquisition was to be consummated.