litigation
confidence high
sentiment positive
materiality 0.80
Insulet awarded $452M jury verdict against EOFlow for trade secret misappropriation
INSULET CORP
- Jury awarded $170M compensatory and $282M exemplary damages, total $452M, for willful and malicious misappropriation.
- EOFlow's ability to pay the award is uncertain; Insulet also plans to seek injunctive relief.
- Verdict follows four-week trial in U.S. District Court for District of Massachusetts.
- Insulet CEO states company will zealously protect trade secrets beyond patent enforcement.