Pfizer Ordered To Pay $39M In Trade Secrets Dispute

Law360, New York (December 29, 2008, 12:00 AM EST) -- A California jury has issued a verdict against Pfizer Inc., ordering the drug company to pay $38.7 million for allegedly stealing trade secrets from a California-based research group.

The verdict issued last week also found that Pfizer and a former employee of the research group, Ping Hsu, both acted with malice, which gives the Santa Clara Superior Court the option to award punitive damages.

The Ischemia Research and Education Foundation and its founder, Dr. Dennis Mangano, launched the lawsuit in Sept. 2004, alleging that Pfizer and...
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