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ClearOne Communications, Inc.
ClearOne Awarded Multimillion-Dollar Damages by Jury in Federal Trade Secret Misappropriation Case
November 23rd, 2008
ClearOne Communications, Inc. (NASDAQ:CLRO) announced that a jury awarded it multimillion-dollar damages in a federal trade secret case. A jury trial was held in federal court in Utah in connection with the lawsuit (the "Intellectual Property Case") initiated by ClearOne against Biamp Systems Corporation ("Biamp"); WideBand Solutions, Inc. ("WideBand"); three of WideBand's principals - Dr. Jun Yang, who was a former ClearOne employee, Andrew Chiang, who was previously affiliated with an entity that sold certain assets to ClearOne, and Lonny Bowers; and Versatile DSP, Inc. (collectively, the "Defendants"). ClearOne's complaint brought claims against different...
Source: Pharma Investments, Ventures & Law Weekly (2008-11-23)
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