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2nd Circ. Vacates Part Of Cognizant's $570M Software IP Win

IP Law 360

The Second Circuit on Thursday threw out part of a lower court's award of about $285 million in compensatory damages Cognizant won on a federal trade secrets claim in a suit alleging its business information was swiped by information technology company Syntel Inc.

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Syntel Asks 2nd Circ. To Scrap $570M Software IP Loss

IP Law 360

Syntel Inc.

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Trade Secrets Without Borders: The Defend Trade Secret Act’s Promise as an Extra-Territorial Statute Finally Comes to Pass

LexBlog IP

companies abroad. economy, and costing American companies hundreds of billions of dollars in losses — and more than two million jobs.” economy, and costing American companies hundreds of billions of dollars in losses — and more than two million jobs.” Hytera America, Inc. IQVIA Inc. ,

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The Changing Shape of Trade Secret Trials: An Increasing Shift to Juries and What that Means for Trade Secret Owners and their Lawyers (Part I)

LexBlog IP

On May 9, 2022, software company Appian Corp. persuaded a Fairfax County, Virginia jury to award it $2 billion for the theft of its trade secrets by its competitor Pegasystems Inc. Later that year, Trizetto secured an $845 million verdict against Syntel Inc. These types of awards are no longer anomalies or outliers.

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The Changing Shape of Trade Secret Trials: An Increasing Shift to Juries and What that Means for Trade Secret Owners and their Lawyers (Part II)

LexBlog IP

a $65 million verdict against Goodyear Tire & Rubber Company, and a $105 million verdict against Ford Motor Company. Pegasystems, Syntel Sterling and Versata v. In the past, small companies could not financially stand toe-to-toe with larger adversaries and match them in a costly damages case. See Alice Corp.

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Recent Developments in Trade Secrets Damages

Fish & Richardson Trademark & Copyright Thoughts

Trade secrets can mean big business for companies that hold them, and damages awards for trade secret misappropriation can reach into the hundreds of millions of dollars. In Motorola Solutions, Inc. BIScience, Inc., In Advanced Fluid Systems, Inc. Renesas Electronics America, Inc., The case, Steves and Sons, Inc.