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Before closing the book on 2022, we look back at the most significant verdicts issued in trade secret trials this past year. In 2022, several juries awarded extraordinary verdicts to...
Legal news and analysis on Michigan litigation, policy, deals. Covers lawsuits, regulation, enforcement, legislation, mergers, acquisitions, judicial appointments.
Ford Motor Co. urged a Michigan federal judge on Thursday to reduce a $104.65 million damages award that a jury levied after finding that the automaker breached a contract with Versata Software Inc. and misappropriated its trade secrets, arguing that the damages are "duplicative."
The plaintiffs Versata Software, Inc., f/k/a Trilogy Software, Inc., Versata Development Group, Inc. and Trilogy, Inc. (collectively, “Versata”) sued Ford Motor Company in 2015, alleging the car manufacturer misappropriated Versata’s intellectual property to create a “like-for-like” replacement of Versata’s proprietary configuration software, breaching the parties’ licensing agreement. Ford and Versata entered into a subscription agreement
Well, it looks like Ford will need to pay millions to a Texas-based software company after allegedly taking the company's software.