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Walmart hit with $115m trade secrets bill 13-04-2021 18-05-2016 Walmart must pay agricultural technology company Ecoark $115 million after it was found to have misappropriated trade secrets. Ecoark, which owns Zest Labs, sued Walmart in August 2018, claiming that the supermarket chain had wrongfully used and disclosed Zest trade secrets concerning technology for reducing food waste. A jury at the US District Court for the Eastern District of Arkansas found on Friday that Walmart was liable for three claims, including trade secrets misappropriation and failure to comply with a written contract...

Press release content from Globe Newswire. The AP news staff was not involved in its creation. Ecoark Awarded $115 Million in Lawsuit Against Walmart Ecoark Holdings, Inc.April 12, 2021 GMT Walmart found liable on three claims in lawsuit filed by Zest Labs Inc. Jury unanimously awards Ecoark Holdings, Inc. $115 million in damages SAN ANTONIO, April 12, 2021 (GLOBE NEWSWIRE) -- Ecoark Holdings, Inc. (“Ecoark” or the “Company”) (OTC: ZEST) announces that on Friday, April 9, 2021, a Little Rock, Arkansas jury awarded Ecoark and its wholly owned subsidiary, Zest Labs Inc. (“Zest”) a t...

Walmart ordered to pay $115 million for breach of contract, stealing trade secrets Agtech company Zest Labs won a $115 million verdict against Walmart Friday. A federal jury in Little Rock ruled that Walmart stole trade secrets from Agtech company Zest Labs, a breach that came with a $115 million judgement. The ruling against Walmart came after a two-week trial in U.S. District Judge James Moody’s court in Little Rock. This is believed to be the largest jury verdict ever in Arkansas. Advertisement San Jose, California-based Zest Labs specializes in technology to r...