Italian cable manufacturer Prysmian wins $96.5M trade secrets lawsuit against Sterlite Technologies and former executive Stephen Szymanski.

Italian cable manufacturer Prysmian has won a $96 million trade secrets lawsuit against Sterlite Technologies and Prysmian's former executive, Stephen Szymanski. A South Carolina jury found the parties guilty of unlawfully acquiring Prysmian's trade secrets, with $96.5 million awarded against Sterlite Technologies and $200,000 against Mr. Szymanski. Prysmian had accused Mr. Szymanski of taking confidential information to Sterlite when he left the company in August 2020, and the jury found that Sterlite had taken thousands of pages of Prysmian's confidential information. The case emphasizes the importance of protecting trade secrets in the telecommunications industry.

August 12, 2024
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