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Intellectual Property Law

: Womble Trade Secrets Blog

French Company SA Neurtelec Awarded $5.8 Million Trade Secrets Jury Verdict Against Boulder, Colorado's Otologics

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The Denver Post is reporting that a Denver jury Wednesday awarded $5.9 million to a French company that sued a Boulder firm for misappropriating trade secrets as well as several key employees who could help produce a highly specialized hearing implant for the deaf.

The verdict in Denver District Court for SA Neurtelec and against Otologics came after a three-week trial that detailed how the Boulder company, a manufacturer of an inner-ear hearing device, first planned to buy its competitor for $30 million, then hired away its top talent when the offer was rejected.

At issue is a cochlear implant that could revolutionize the industry because it would be entirely implanted. Currently the technology allows for only half of the device to be implanted.

Full post as published by Womble Trade Secrets Blog on February 25, 2011 (boomark / email).

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