US Court Finds in Favor of ASML in Final Corporate-Espionage Verdict
May 06 2019 - 2:09AM
Dow Jones News
By Max Bernhard
Dutch chip-equipment maker ASML Holding NV (ASML.AE) said over
the weekend that a U.S. judge issued its final verdict in a
corporate espionage case against XTAL, awarding the company
hundreds of millions in damages and an injunction.
ASML said the $845 million in damages won't be collectable,
since XTAL is in bankruptcy, but it will receive most, if not all,
of XTAL's intellectual property under a settlement agreement.
The Santa Clara County Superior Court also issued an injunction
ordering XTAL "not to conduct any software development activities
on its software products that ASML alleged are contaminated with
ASML's IP," and allows ASML to contact XTAL's customers to inform
them of the jury's verdict, the company said.
The judgment finalizes a November verdict in which the court
found XTAL to have misappropriated ASML's confidential and
proprietary information and trade secrets.
Write to Max Bernhard at max.bernhard@dowjones.com;
@mxbernhard
(END) Dow Jones Newswires
May 06, 2019 01:54 ET (05:54 GMT)
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