Tuesday 19 April 2016

Almost One Billion Dollar Verdict in U.S. Trade Secret Case

Wow!  That is quite a verdict.  A Wisconsin jury awarded $240 million in compensatory damages and $700 million in punitive damages for seven claims, including misappropriation of trade secrets and related claims.  That is a huge verdict.  The defendant is an Indian company, Tata Consultancies.  The Insurance Journal reports on the verdict, here.  Patently-O discusses the verdict, here.  Will a district in Wisconsin become the new Eastern District of Texas for trade secret claims post-Defend Trade Secrets Act?  For more information about the facts of the case, see here and here.

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