« Atrua Adds Trade Secret Theft by Authentec to Lawsuit | Main | Merrill's Bonuses and the Ice Cream Defense »

Company awarded $17.5 million.

By: Jan Biles

A Manhattan electronics design and manufacturing company has been awarded nearly $17.5 million in actual and punitive damages in a lawsuit alleging breach of contract, fraud, fraudulent concealment and misappropriation of trade secrets after a deal with a French company to make a propeller deicing system dissolved.

Randy O'Boyle, president and CEO of ICE Corp.in Manhattan, said he learned of the verdict today. The case went to trial in early February at the Frank Carlson Federal Building, with U.S. District Judge Julie Robinson presiding.

"We were successful," O'Boyle said. "More than anything it means the big companies of the world can't get away with mistreating the smaller companies."

To continue reading this interesting article from CJ online news, click here.

About

This page contains a single entry from the blog posted on March 12, 2009 7:00 AM.

The previous post in this blog was Atrua Adds Trade Secret Theft by Authentec to Lawsuit.

The next post in this blog is Merrill's Bonuses and the Ice Cream Defense.

Many more can be found on the main index page or by looking through the archives.