Mitsubishi Gets $124M Verdict Booted From Trade Secrets Case

Law360, New York (July 27, 2012, 8:46 PM EDT) -- A California judge on Tuesday erased a jury's $124 million ruling against Mitsubishi Electric & Electronics USA Inc., but affirmed that the Japanese company had broken a 2001 nondisclosure agreement involving a confidential design for computer memory chips, according to the plaintiff's counsel.

Judge Kenneth P. Barnum found the jury's damage analysis deficient and ordered a new trial for damages, but refused to alter the verdict that Mitsubishi was liable for giving Grail Semiconductor Inc.'s confidential design to Renesas Technology Corp., according to a statement by...
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