Prysmian Awarded $96 Million in Trade Secrets Dispute Against Sterlite
© chokniti / Adobe Stock
Italian cable maker Prysmian on Monday received about $96 million in its trade secrets case against India's Sterile Technologies.
Prysmian filed the lawsuit in 2021 claiming that a former executive Stephen Szymanski misused trade secrets and took them to his new employer Sterlite, a networking technology provider.
The trial found out that Sterlite possessed information regarding clients, products, and Prysmian's manufacturing facilities expansion.
(Reuters - Reporting by Disha Mishra in Bengaluru)
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August 2024
