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Lockheed Martin, L-3 Communications Face Off in Trade Secret Trial

By: R. Robin McDonald Fulton County Daily Report Trial is culmination of more than four years of litigation. Today in federal court in Atlanta two of the largest defense contractors in the world will go head to head in a trial over the alleged misappropriation of trade secrets associated with the design and construction of an anti-submarine bomber used by navies around the world. The stakes are high. Lockheed is seeking nearly $689 million in compensatory and punitive damages for what it claims were deliberate misappropriations, in violation of Lockheed licensing agreements, of proprietary specifications and designs associated with its P-3 series of marine patrol, anti-submarine aircraft. To continue reading this interesting article from law.com, click here.

Full post as published by The Trade Secrets Vault on May 04, 2009 (boomark / email).