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ClearOne Awarded Multimillion-Dollar Damages by Jury in Federal Trade Secret Misappropriation Case

SALT LAKE CITY, Nov 07, 2008 /PRNewswire-FirstCall via COMTEX/ A jury trial was held in federal court in Utah in connection with the lawsuit (the "Intellectual Property Case") initiated by ClearOne against Biamp Systems Corporation ("Biamp"); WideBand Solutions, Inc. ("WideBand"); three of WideBand's principals - Dr. Jun Yang, who was a former ClearOne employee, Andrew Chiang, who was previously affiliated with an entity that sold certain assets to ClearOne, and Lonny Bowers; and Versatile DSP, Inc. (collectively, the "Defendants"). Accordingly, the jury awarded ClearOne approximately $3.5 million in compensatory damages and $7.0 million in punitive damages. Among other things, the jury found that all of the Defendants willfully and maliciously misappropriated ClearOne's trade secrets. To continue reading this interesting article posted in market watch please click here.

Full post as published by The Trade Secrets Vault on November 07, 2008 (boomark / email).