Ford wins reversal of $105 million trade secrets verdict


FILE PHOTO: The Ford logo is seen at the North American International Auto Show in Detroit, Michigan, U.S., January 15, 2019. REUTERS/Brendan McDermid/File Photo

(Reuters) - A federal judge in Detroit on Monday threw out a jury verdict ordering Ford Motor Co to pay Versata Software Inc $104.6 million for breaching a 2004 licensing contract and misappropriating trade secrets.

U.S. District Judge Matthew Leitman said that while Versata Software, which licensed software to Ford from 1998 to 2015, offered sufficient evidence of a contract breach, it did not offer evidence to let jurors calculate damages accurately.

The Star Christmas Special Promo: Save 35% OFF Yearly. T&C applies.

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

France probes 'foreign interference' after malware found on ferry
Apple makes�changes to iOS software in face of stricter Japanese rules
Netflix to launch FIFA World Cup video game
Google sues Chinese ‘Darcula’ group over alleged phishing scheme
China’s Qwen and DeepSeek edge out US AI models in Christian values benchmark
Fermi denies report that Amazon was prospective tenant in stalled project
OpenAI discussed raising tens of billions at about $750 billion valuation, the Information reports
Apple opens iPhone to alternative app stores in Japan
Exclusive-Amazon, Walmart shareholder pushes firms to report impact of Trump's immigration policies
Nvidia director Harvey Jones sells $44 million in shares held for over three decades

Others Also Read