Washington Jury Awards $1.1 Million in Fireproofing IP and Asset Dispute

In a recent decision, a Washington federal jury has awarded nearly $1.1 million in damages to a company involved in a legal dispute over intellectual property and asset transfer issues. The verdict includes approximately $786,000 against an ex-employee and an associated business that the jury found had willfully induced customers to infringe the company’s patents for fire-resistant construction assembly products. Furthermore, an additional $300,000 was granted for the fraudulent transfer of assets. This outcome highlights ongoing challenges faced by companies in protecting their intellectual property rights and navigating disputes regarding asset transfers. For more details, follow this link.