> Jury awards potential damages of $250 million in trade secrets lawsuit against Boeing
Jury awards potential damages of $250 million in trade secrets lawsuit against Boeing
Clip ID 2321747
Clearance
Add to
Share
Add to Review Link
By Request
By Request assets are not available for immediate purchase.
This content has not been pre-checked for copyright.
Per clip rates are for 20 seconds of final usage. If you are using more then 20 seconds or need a different file format or have questions about clearances contact us
Description
A jury has found that Boeing stole trade secrets of a small aerospace startup in Redmond that planned to build a hybrid-electric aircraft.
The jury awarded Zunum Aero, Inc. nearly $90 million in damages in a verdict that a Seattle federal judge could triple to around $250 million. A lawyer for the plaintiff said the exact damages were still being determined.
The verdict ends a David vs. Goliath lawsuit filed in 2020 by two MIT graduates who founded Zunum. The lawsuit said Boeing sought to invest in Zunum’s aircraft which would make hybrid-electric air travel “… economically viable decades sooner that the aerospace industry otherwise thought possible.” Zunum claimed Boeing sent engineers and other personnel to conduct due diligence on its investment, but then stole information and trade secrets.
READ MORE: https://www.king5.com/article/news/local/jury-awards-potential-damages-trade-secrets-lawsuit-against-boeing/281-564a676e-0f66-48a9-9ec1-710a1b891ca8