Best Buy Hit With $5M Punitives For Stealing Trade Secrets

Law360, New York (December 6, 2012, 4:30 PM EST) -- A California federal judge on Monday tacked on $5 million in punitive damages to a $22 million jury award against Best Buy Co. Inc. for allegedly willfully stealing TechForward Inc.'s trade secrets and breaching a confidentiality agreement concerning an electronics buy-back program.

U.S. District Judge Otis D. Wright II awarded TechForward $5 million in exemplary damages, much less than the $22 million the electronics recycler had requested. The judge did not give his reasons for the award.

The punitive damages award brings Best Buy's tab to...
To view the full article, register now.