US Court Finds in Favor of ASML in Final Corporate-Espionage Verdict

Date : 05/06/2019 @ 7:09AM
Source : Dow Jones News
Stock : ASML Holding NV (ASML)
Quote : 257.66  2.37 (0.93%) @ 5:00AM
After Hours
Last Trade
Last $ 257.66 ◊ 0.00 (0.00%)

US Court Finds in Favor of ASML in Final Corporate-Espionage Verdict

ASML Holding NV (EU:ASML)
Historical Stock Chart

6 Months : From Apr 2019 to Oct 2019

Click Here for more ASML Holding NV Charts.
   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)

Copyright (c) 2019 Dow Jones & Company, Inc.

Latest ASML Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....


No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts


Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.


NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.