$140M Damages Award In Trade Secrets Row Upheld; Punitive Damages Award Vacated

Mealey's (August 25, 2020, 1:47 PM EDT) -- CHICAGO — Although a federal jury was provided with sufficient evidence to support a software developer's assertion that an industry competitor stole its confidential information and trade secrets and used this information to develop a comparative analysis of its product to the developer's to advance its business in the United States, the jury was not provided with evidence that would allow it to determine that the competitor misappropriated any of the developer's other information, a Seventh Circuit U.S. Court of Appeals panel ruled Aug. 20 in partially overturning a federal district court's damages award in a trade secret misappropriation lawsuit (Epic Systems Corp. v. Tata Consultancy Services Ltd., et al., Nos. 19-1528 and 19-1613, 7th Cir., 2020 U.S. App. LEXIS 26473)....