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Lockheed Wins Trade-Secret Trial

By: ANDY PASZTOR Lockheed Martin Corp. won a $30 million jury verdict against L-3 Communications Corp. last week over the use of Lockheed proprietary data to refurbish P-3 maritime patrol aircraft for South Korea. Although the jury concluded that L-3 willfully and maliciously misused Lockheed's data, it didn't award punitive damages. As part of the verdict, Lockheed won the right to a permanent injunction barring L-3 from improper use of P-3 data in the future. L3 Communications must pay Lockheed Martin $30 million for violating its trade secrets on a Korean P3 contract, a Georgia jury ruled. A Lockheed P-3 Orion lands at a German Navy base in Nordholz last November. To continue reading this article from WSJ., click here.

Full post as published by The Trade Secrets Vault on June 09, 2009 (boomark / email).