Judge Confirms $3M Award Against Chinese Company In Lightbulb Trade Secrets Row

Mealey's ( May 6, 2022, 1:15 PM EDT) -- CHARLOTTE, N.C. — A North Carolina federal judge on May 4 granted a business’s petition to confirm an arbitral award worth more than $3 million against a Chinese LED light bulb manufacturer and its U.S. subsidiary despite new evidence showing that the tribunal calculated damages partly based on hypothetical lost royalties under a contract with a nonparty that was terminated before arbitration....