Jury Awards AMS Sensors $86M In EDTX Trade Secrets Trial
Ryan Davis, 16 April 2021
An Eastern District of Texas jury determined Friday that Renesas should pay damages of nearly $85.9 million in a trade secrets and contract suit brought by rival light sensor maker AMS Sensors, although a Renesas attorney insisted the award will ultimately be much lower.
The jury reached its verdict after deliberating for about seven hours over two days following a damages retrial that began April 5 in Sherman, Texas, before U.S. District Judge Amos L. Mazzant III.
A jury in a previous trial found in 2015 that Renesas Electronics America Inc. misappropriated AMS Sensors USA Inc. trade secrets and breached a confidentiality agreement after the two companies, which have both made light sensors for Apple’s iPhone, met to discuss a merger but never reached a deal. The Federal Circuit vacated the damages award in that case in 2018, leading to a retrial solely on damages.
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Trump’s Top Targets in the Russia Probe Are Experts in Organized Crime
Some of President Trump’s favorite targets in the Russia probe have spent their careers in the Justice Department and the FBI investigating organized crime and money laundering, particularly as they pertain to Russia.
Bruce Ohr. Lisa Page. Andrew Weissmann. Andrew McCabe. President Donald Trump has relentlessly attacked these FBI and Justice Department officials as dishonest “Democrats” engaged in a partisan “witch hunt” led by the special counsel determined to tie his campaign to Russia.
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The Business Ethics of Short Selling and Naked Short Selling
James J. Angel, Douglas M. McCabe
Journal of Business Ethics, 30 September 2008
The controversy over short selling has continued unabated from the introduction of modern equity trading in Amsterdam in 1610 to the present day. Nevertheless, the business ethics literature has not really addressed short selling. Short sellers not only profit from the misery of others, they also create it through their selling activities. However, they also provide a socially useful service by making prices better reflect true values, protecting other investors from purchasing overpriced securities.
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