Defending a start-up in a bet-the-company jury trial brought by a competitor.
design LAB, Inc. is a private-label design and manufacturing company that was co-founded over ten years ago by Adam Beatty, a Harvard Business School graduate. Shortly thereafter, a lawsuit was brought by one of the company’s primary competitors alleging, without merit, that design Lab’s co-founders had improperly solicited clients and misappropriated trade secrets. The lawsuit, tried before a Santa Monica jury, was an existential threat to the company. Mr. Beatty chose Peter Stris to serve as lead trial counsel.
Mr. Stris successfully defended this bet-the-company suit by persuading the jury to award the plaintiff only a nominal sum. And, in the decade since, Mr. Stris and his partners have served as outside general counsel as design LAB has grown to become one of the nation’s preeminent private-label designers and manufacturers of pet and theme-park merchandise.
“Hiring Peter to handle the jury trial in my bet-the-company litigation was one of the smartest moves I ever made. He beat heavy-hitting opposition and has represented our company repeatedly in the years since. He's incredibly creative and tough, without ever losing sight of the bottom line. I trust him and his firm completely.” — Adam Beatty, Chief Executive Officer, design LAB, Inc.