LED Company Awarded $66M In Damages In Trade Secrets Suit

(August 27, 2018, 11:48 AM EDT) -- SAN JOSE, Calif. — A California jury on Aug. 10 rendered a verdict in favor of an LED technology company in a trade secrets misappropriation lawsuit and awarded the company $66 million in damages, finding that a former employee, with the help of its Chinese competitor and the competitor’s CEO, stole certain of the company’s trade secrets and used them to develop the competitor’s LED technology (Lumileds LLC v. Elec-Tech International Co. Ltd., et al., No. 15:cv-278566, Calif. Super., Santa Clara Co.)....

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