Lumileds Wins Jury Verdict of Liability for Intellectual Property Theft Against Elec-Tech International Co., Ltd., Donglei Wang, and Gangyi Chen
US Superior Court of the State of California Imposes $66 Million in Damages
The jury concluded that ETI, Wang and Chen misappropriated Lumileds trade secrets, took them to China, and used them to develop ETI’s LED technology. The award of $66 million is the amount of research and development costs that the jury concluded ETI saved by using Lumileds trade secrets rather than engaging in its own development.
“At Lumileds, we invest heavily in innovation to support our customers,” said Mark Adams, Lumileds chief executive officer. “We will continue to work with the judiciary, law enforcement, and appropriate government agencies, to defend and protect our valuable intellectual property rights.”
The circumstances of the trade secret theft involved ETI’s CEO, defendant Wang, and a former scientist employed by Lumileds, defendant Chen. Wang authorized a substantial payment to be made to Chen four months before he left Lumileds to go to work for ETI in China, effectively putting him on the payroll of ETI while he was working daily with Lumileds most confidential trade secret technology.
Lumileds was represented in the matter by senior vice president, General Counsel, Cheree McAlpine and outside lead counsel Brian Roche, partner, Reed Smith LLP.
“We are pleased that the jurors recognized the clear intellectual property theft by Chen, Wang and ETI, and the extent of the damages caused by this misconduct,” said Cheree McAlpine. “The precedent set by today’s verdict sends a clear message to the industry that intellectual property will be guarded and enforced to safeguard the health of our business.”
About Lumileds
For automotive, mobile, IoT and illumination companies who require innovative lighting solutions, Lumileds is a global leader employing more than 9,000 team members operating in over 30 countries. Lumileds partners with its customers to push the boundaries of light.
To learn more about our portfolio of lighting solutions, visit lumileds.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180813005694/en/
Contacts
Website: http://www.lumileds.com/
Contact
Lumileds
Kevin Lucido
Senior Director of Global Marketing Communications
+1 650-576-3864
Kevin.Lucido@lumileds.com
This news is a press release provided by Lumileds Holding B.V..
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2020년 9월 22일 11:50
