Texas Jury Returns $58.7 Million Trade Secret, Exemplary Damages Verdict for TAOS Inc.
The Dallas technology-focused law firm Munck Wilson Mandala announced a $58.7 million trade secret misappropriation, breach of contract, patent infringement and tortious interference verdict for firm client Texas Advanced Optoelectronic Solutions Inc. (TAOS) in the U.S. District Court for the Eastern District of Texas.
Following the four-week trial, federal jurors on Friday found that Milpitas, Calif.-based Intersil Corp. used TAOS’ patented technology for dual-diode ambient light sensors without consent, according to a release from the law firm. The jury also found that Intersil misappropriated TAOS’ trade secrets in order to obtain a competitive advantage. TAOS prevailed in all the company’s claims against Intersil, including misappropriation of trade secrets, breach of contract, tortious interference and patent infringement.
The verdict includes $48.7 million in damages for trade secret misappropriation and $10 million in punitive damages for both trade secret misappropriation and for tortious interference.