In a lawsuit similar to Tesla Motors vs. Fisker, Virginia-based Luna Innovations has to pay $36 million to Bay Area company Hansen Medical. The jury found that Luna had broken its agreement to help Hansen develop a
robotic catheter and illegally used trade secrets to obtain a contract with Hansen's competitor instead.
Hansen was represented by Morrison & Foerster. The jury awarded this large amount, despite audits attesting to the fact that Luna only had a market capitalization of $20 million, and would probably cease to exist after complying with the court's decision.
National Law Journal, 27 April, 2009, page 13
Monday, May 25, 2009
Luna Innovations cheats trade secrets, fined more than its worth
In a lawsuit similar to Tesla Motors vs. Fisker, Virginia-based Luna Innovations has to pay $36 million to Bay Area company Hansen Medical. The jury found that Luna had broken its agreement to help Hansen develop a
robotic catheter and illegally used trade secrets to obtain a contract with Hansen's competitor instead.
Hansen was represented by Morrison & Foerster. The jury awarded this large amount, despite audits attesting to the fact that Luna only had a market capitalization of $20 million, and would probably cease to exist after complying with the court's decision.
National Law Journal, 27 April, 2009, page 13
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