ClearOne Fights Trade Secrets Award Reduction

Law360, New York (July 2, 2009, 12:00 AM EDT) -- ClearOne Communications Inc. is planning to appeal a federal court’s ruling trimming roughly $800,000 from a $10.5 million damages award that a jury handed the audio and video company in a case alleging former ClearOne employees stole trade secrets related to audio-conferencing technology.

ClearOne filed a notice of appeal on Wednesday in the U.S. District Court for the District of Utah seeking to challenge a final judgment issued in April.

The plaintiffs appealed the order, which cut a jury award for ClearOne to about $9.7 million,...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.