AgroFresh Awarded $31.1 Million in Damages in Connection With Federal Court Lawsuit Against Decco Post-Harvest, Inc. and Its Parent Company, UPL Limited
AgroFresh Solutions, Inc. (AGFS)
Last agrofresh solutions, inc. earnings: 3/12 04:05 pm
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Source: Business Wire
Jury finds Decco and UPL liable for trade secret misappropriation and willful patent infringement PHILADELPHIA--(BUSINESS WIRE)--AgroFresh Solutions, Inc. (NASDAQ:AGFS), a global leader in produce freshness solutions, was awarded a verdict of $31.1 million in damages by a jury in the United States District Court in Delaware in its litigation against Decco Post-Harvest, Inc. and Decco’s parent company, UPL Limited. The award is subject to any appeals that may be taken by the parties in the future. The verdict included a determination that UPL and Decco had willfully and maliciously misappropriated AgroFresh trade secrets, willfully infringed an AgroFresh patent, converted AgroFresh property, engaged in unfair competition, and interfered with AgroFresh’s contractual relationships. AgroFresh will petition the Court for an award of up to three times its compensatory damages based on the finding by the jury of a willful infringement.“We are pleased with the verdict and the determination
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