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Company awarded $17.5 million.

By: Jan Biles A Manhattan electronics design and manufacturing company has been awarded nearly $17.5 million in actual and punitive damages in a lawsuit alleging breach of contract, fraud, fraudulent concealment and misappropriation of trade secrets after a deal with a French company to make a propeller deicing system dissolved. Randy O'Boyle, president and CEO of ICE Corp.in Manhattan, said he learned of the verdict today. The case went to trial in early February at the Frank Carlson Federal Building, with U.S. District Judge Julie Robinson presiding. "We were successful," O'Boyle said. "More than anything it means the big companies of the world can't get away with mistreating the smaller companies." To continue reading this interesting article from CJ online news, click here.

Full post as published by The Trade Secrets Vault on March 12, 2009 (boomark / email).