IP Fraud Trial Against Headwaters Ends In $7M Verdict

Law360, New York (September 16, 2010, 3:48 PM EDT) -- A federal jury has awarded about $7.3 million to 46 former shareholders of now-defunct Adtech Inc. who alleged they were defrauded by Headwaters Inc. through a scheme to transfer a patent for coal agglomeration technology.

The verdict, issued Wednesday by a jury in the U.S. District Court for the Western District of Tennessee, came 15 months after a different jury awarded about $8.7 million to the eight named plaintiffs.

At that time, the first jury also issued an advisory verdict on damages of about $12.7 million,...
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