Prysmian got one victory overwhelming in the United States in one cause for violation of trade secrets against Sterlite Technologies andformer executive Stephen Szymanskia compensation di 96,5 million dollars. The sentence was handed down by a South Carolina jury on Friday, August 9, following a three-week trial in the U.S. District Court of Columbia.
Il title Prysmian is in positive territory on Piazza Affari, with an increase of 0,88%.
Industrial espionage, Prysmian against Sterlite: here's what happened
The controversy began when Prysmian discovered that Stephen Szymanski, a former employee who left the company in August 2020, had brought with him sensitive documentation. This documentation included confidential customer information, new products and details about Prysmian's production sites. Such documents were later found at Sterlite's headquarters in Pune, India, suggesting a abuse information.
After three years of legal proceedings, the South Carolina court ruled in favor of Prysmian, ruling that Sterlite had indeed used the stolen trade secrets. In addition to the compensation of 96,5 million dollars in favor of Prysmian, the sentence imposed an additional compensation of 200 thousand dollars to Stephen Szymanski for his part in the theft and misappropriation of classified information.
Comments
Andrea Pirondini, CEO of Prysmian North America, commented: “We are satisfied with the jury's decision. This case shows how seriously America takes the protection of trade secrets. We will continue to defend our confidential information and compete fairly."
Patrick Jacobi, senior vice president of Prysmian North America Telecom, added: “This victory represents an important step forward for Prysmian, confirming our commitment to high-quality products and innovation in the telecommunications sector.”
