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Trade Secret Damage Award Reduced (access required)

Following a jury verdict awarding plaintiff  $919.9 million in compensatory damages for defendant’s willful and malicious misappropriation of 149 trade secrets, the Richmond U.S. District Court awards plaintiff $350,000 in punitive damages:  Virginia’s Uniform Trade Secrets Act caps punitive damages at $350,000 and defendant waived its right to have a jury trial assess punitive damages ...

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