Innovative Solutions & Support Wins Trade Secrets Verdict
By Press
From MSNMoney.com, a story (really it's a press release, so take whatever grain of salt you deem appropriate) regarding a jury trial in a trade secrets case between competitors with, as always it seems, former employees in the mix.
Here's the release, edited slightly:
Innovative Solutions & Support Inc., maker of display systems, data equipment and computers for aircraft, said Wednesday (11/7/07) that a jury has awarded it a little more than $6 million in a trade-secret misappropriation trial.
The Exton, Pa.-based company said the jury unanimously found that each of the defendants had misappropriated IS&S' air data computer technology and that it had suffered damages of slightly more than $4.4 million in lost profits and $1.6 million in net profits earned by the defendants.
The defendants in the case were Joseph Caesar, a former IS&S employee; James Zachary, a former IS&S sales consultant; a company founded and owned by Caesar and Zachary, J2 Inc.; a company founded and owned by Zachary, Zachary Technologies Inc.; and Merrimack, N.H.-based Kollsman Inc., the U.S. subsidiary of Elbit Systems Ltd., which is located in Haifa, Israel.
The jury also found in favor of IS&S' claims for breach of duty and contract, and unfair competition against Caesar, Zachary, J2 and Zachary Technologies, IS&S said.
IS&S said the judge presiding over the case will hear its claims for a permanent injunction as well as its claims for punitive and exemplary damages against the defendants.
Here's the release, edited slightly:
Innovative Solutions & Support Inc., maker of display systems, data equipment and computers for aircraft, said Wednesday (11/7/07) that a jury has awarded it a little more than $6 million in a trade-secret misappropriation trial.
The Exton, Pa.-based company said the jury unanimously found that each of the defendants had misappropriated IS&S' air data computer technology and that it had suffered damages of slightly more than $4.4 million in lost profits and $1.6 million in net profits earned by the defendants.
The defendants in the case were Joseph Caesar, a former IS&S employee; James Zachary, a former IS&S sales consultant; a company founded and owned by Caesar and Zachary, J2 Inc.; a company founded and owned by Zachary, Zachary Technologies Inc.; and Merrimack, N.H.-based Kollsman Inc., the U.S. subsidiary of Elbit Systems Ltd., which is located in Haifa, Israel.
The jury also found in favor of IS&S' claims for breach of duty and contract, and unfair competition against Caesar, Zachary, J2 and Zachary Technologies, IS&S said.
IS&S said the judge presiding over the case will hear its claims for a permanent injunction as well as its claims for punitive and exemplary damages against the defendants.
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