$38.6M Verdict Overturned In Trade Secrets Case

Law360, New York (December 14, 2006, 12:00 AM EST) -- An appellate court on Thursday overturned the $38.6 million trade secrets misappropriation ruling that sent model-train maker Lionel LLC into bankruptcy, and ordered a new trial of the case.

The original ruling came by way of a jury in a case brought by Mike’s Train House Inc. in the U.S. District Court for the Eastern District of Michigan in 2000.

The rival toy train manufacturer alleged that Lionel’s Korean supplier—Korea Brass—stole design drawings and other confidential information from Samhongsa, Mike’s Train House’s Korean supplier.

The suit...
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