Texas Jury Awards $25M In Cardiac MRI Trade Secret Suit

Law360, Dallas (March 13, 2014, 4:49 PM EDT) -- A Texas federal jury on Wednesday returned a more than $25 million verdict against ISOL Technology Inc. after finding it misappropriated trade secret technology that allows magnetic resonance imaging of the heart, engaged in unfair competition and breached a supply agreement with LBDS Holding Co. LLC.

In a unanimous verdict reached after about eight hours of deliberation, the jury found ISOL breached several provisions of its technology services and product supply agreement with LBDS and engaged in unfair competition, awarding about $24.4 million in lost profits...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

LBDS Holding Company, LLC v. ISOL Technology Inc. et al


Case Number

6:11-cv-00428

Court

Texas Eastern

Nature of Suit

Contract: Other

Judge

Leonard Davis

Date Filed

August 16, 2011

Law Firms

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.