After Potential Acquiring Business Turns Look-Alike Competitor, Sensor Technology Firm Wins $58.7 Million Verdict
Apr 1, 2015
Austin, TX (Law Firm Newswire) April 1, 2015 – A federal jury in Texas has returned a $58.7 million verdict for a technology firm in a business lawsuit.
After a four-week trial in the U.S. District Court for the Eastern District of Texas, the jury found for Texas Advanced Optoelectronic Solutions Inc. (TAOS) and against Intersil Corp. on claims of breach of contract, tortious interference, trade secret misappropriation and patent infringement,
“When merger and acquisition talks break down, accusations like these are not uncommon,” said Gregory D. Jordan, an Austin, Texas business litigation attorney. Jordan is not involved in the case.
The lawsuit involved light sensor technology patented by TAOS, which allows the brightness of video displays to adjust automatically in response to the surrounding levels of ambient light. The technology can provide an improved viewing experience under varying lighting conditions, and it helps preserve battery life in electronic devices.
TAOS patented its technology in 2002. In 2004, Intersil sought to purchase TAOS, and both companies signed non-disclosure agreements. TAOS then shared details of the technology, as well as trade secrets related to vendors and pricing.
In court, TAOS claimed that no reasonable offer to purchase the company ever arrived from Intersil. After acquisition talks broke down, Intersil introduced a competing light-sensor product of its own and outbid TAOS for contracts for the iPhone 3G and iPod Touch. TAOS claimed in the lawsuit that Intersil misappropriated its technology and used proprietary pricing information to undercut TAOS in contract bids.
The jury’s verdict included $48.7 million in damages for misappropriation of trade secrets and $10 million in punitive damages for both tortious interference and misappropriation.
To learn more, visit http://www.theaustintriallawyer.com/
Law Offices of Gregory D. Jordan
5608 Parkcrest Drive, Suite 310
Austin, Texas 78731
- Texas woman sues Central United Life, claiming age and race discrimination
A Texas woman has filed a lawsuit against her former employer, claiming that she was denied promotions based on her race and age, then fired after she filed grievances. Linda J. Donnie is suing Central United Life, claiming employment discrimination. Donnie filed the lawsuit in the Houston Division of the Southern District of Texas on […]
- Texas Federal jury finds Apache did not breach contract with W&T Offshore
A Texas federal jury found that Apache Corp. did not breach its contract with W&T Offshore Inc., a Houston-based oil and gas producer, in a dispute that began in 2011. The jury verdict was accepted by the U.S. District Court for the Southern District of Texas, while allowing W&T to file any post-verdict motions. Apache […]
- More Texas Workers Are Filing Wage-and-Hour Lawsuits
Lawsuits filed by Texas workers claiming wage-and-hour violations have increased by 42 percent over the past three years and have tripled in the past ten years. According to research by Androvett Legal Media, Texas workers filed at least 922 federal lawsuits in 2014 — compared to 632 cases in 2012 and 280 lawsuits in 2004. […]