Big IP verdicts aren’t limited to patent cases. Trade secrets can mean big money, too. Really big. As in multi-, multi-million dollar verdicts. And the trend is up with more than half of the top ten verdicts coming out in just the past two years.
Trials are expensive. They’re also unpredictable. So when a plaintiff seeking damages in a trade secret case decides to take the case all the way through trial, it’s hoping for a jackpot. Otherwise the costs and risks of trial likely wouldn’t make it worth gambling the result on a jury.
For the parties below, the gamble paid off.
Trade Secrets Watch reviewed trade secret misappropriation cases over the past decade and dug up the largest verdicts on record. We also noted any post-verdict information to the extent it was available.
(Editor’s note: After we posted our Top 10 list, below, a Minnesota state appeals court affirmed a $630 million arbitration award against Western Digital Corp. over allegations of trade secret misappropriation. See Seagate Tech. LLC v. Western Digital Corp., No. A12-1944, Minn. Ct. App. (St. Paul) (July 22, 2013). This would have ranked at No. 3 on our list, had a jury made the award. Regardless, this case confirms that the era of massive trade secret awards has arrived.)
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