We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Pfizer Ordered To Pay $39M In Trade Secrets Dispute

Law360 (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...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.