FastShip Snags $6.5M IP Win Against Navy, Sues Lockheed
Suevon Lee and Abraham Moussako
Law360, Los Angeles (April 28, 2017, 10:35 PM EDT) -- FastShip LLC won a $6.5 million infringement verdict against the U.S. Navy on Friday over its patented ship hull technology, the same day it launched a trade secrets suit against Lockheed Martin and a naval design firm for allegedly violating non-disclosure agreements to fulfill a Navy ship contract.
U.S. Federal Claims Judge Charles F. Lettow awarded FastShip $6.45 million in damages as of September 2006, saying certain claims in U.S. Patent Nos. 5,231,946 and 5,080,032 were “valid and directly infringed” by the Navy’s new littoral combat...