Beacon Roofing, SRS Distribution Reach Settlement in Florida Trade Secrets Case

Litigation is still pending against two former employees of Beacon and SRS.

Beacon Roofing Supply Inc. (NASDAQ: BECN), Herndon, VA, has reached a settlement agreement with SRS Distribution Inc., McKinney, TX, in a 2014 case revolving around stolen trade secrets. The original case was filed against SRS and two of its former employees in Miami-Dade County, Florida Circuit Court.

Terms of the confidential agreement were not disclosed, other than that it only applies to the company and not the two employees named as defendants.

In the original complaint, Beacon alleges that Robert Ricci and Mirta Valdes "acted as double-agents" and used their positions at Beacon to steal confidential information and interfere with customers while working with SRS to establish a new branch in Miami.

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events


articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events



You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.