ADF Foods Wins Favorable US Court Ruling in Trade Secret Dispute

ADF Foods has secured a major legal victory for its US subsidiary, ADF Foods (USA) Ltd., with the US District Court for the Southern District of New York ruling largely in its favor against Ascot Valley Foods in a trade secret misappropriation case. Key Financial & Legal Outcomes: Damages Awarded: The court ordered Ascot to disgorge US$ 2,298,114 in profits earned through the misappropriation of ADF’s proprietary recipes and trade secrets up to December 2025. A mechanism has also been established to compute additional damages from 2026 onwards. Minimal Liability: ADF’s liability regarding Ascot's initial claim of a co-pack agreement violation has been restricted to just US$ 100,706.96 (plus interest). IP Protection: The ruling strongly validates ADF's intellectual property rights and paves the way for a permanent injunction to safeguard its trade secrets. Strategic Context & Next Steps: The court has directed ADF to file a proposed formal judgment and permanent injunction order. Both parties have 14 days to raise any objections before the order is finalized. Financial Reporting Note: ADF Foods clarified that this order has no immediate impact on its current financial statements or Profit & Loss account. The actual financial impact will be assessed and recognized only after the final judgment, enforcement processes, and evaluations under applicable accounting standards are completed. $ADFFOODS