June 12, 2017 / 12:29 PM / in a month

BRIEF-Extended Stay America resolves lawsuit over trade secrets with competitors

1 Min Read

June 12 (Reuters) - Extended Stay America Inc

* Extended Stay America says has resolved lawsuit it brought last fall against a competitors over "alleged misappropriation of confidential trade secrets"

* Extended Stay America - defendants to pay co $1.2 million in damages, costs, including requirement for ruby repay to co part of severance payment from co

* Extended Stay America Inc - defendants have also agreed to an injunction that requires "destruction or return" of all of ESA's confidential information

* Extended Stay America Inc - defendants have also agreed to an injunction that prohibits future use of any ESA confidential information Source text for Eikon: Further company coverage:

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