Facebook Settles $365M Trade Secrets Case Mid-Trial

By Bonnie Eslinger (April 9, 2018, 1:08 PM EDT) -- Facebook told a California federal judge Monday it had reached a mid-trial settlement of BladeRoom Group Ltd.'s $365 million data center trade secrets suit, prompting co-defendant Emerson Electric Co. to unsuccessfully seek a mistrial on grounds that Facebook's ongoing Cambridge Analytica scandal will bias jurors against it.

Facebook settled a $365M trade secrets suit Monday morning before the fourth day of a trial in BladeRoom's trade secrets case against it and co-defendant Emerson Electric. (AP)

Facebook notified U.S. District Judge Edward J. Davila about the confidential settlement with BladeRoom in an email early Monday, before the fourth day of trial in...

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