Caterpillar to pay $74m to Miller after trade secrets theft

By James Sean Dickson
Published: Wednesday, 23 December 2015

Specialist knowledge concerning coupling units, which attach bucket scoops to excavators and other mining trucks, was obtained by Miller’s largest client, Caterpillar. In a recent lawsuit won by Miller, the company claimed that Caterpillar had misappropriated the company’s expertise after requesting extra information on proprietary products.

Mining equipment supplier Caterpillar Inc. has been ordered by a judge in Chicago, US to pay Miller UK Ltd $74m after being found guilty of acquiring trade secrets from the smaller firm.

"We are disappointed by the verdict," a spokesperson for Caterpillar said, according to the Wall Street Journal. "We are considering...

This is a preview of the full article

Our market news and price data is reserved for registered users only.

Current customer? Login now

All of our industrial minerals price data and news is now available only through our new platform. Learn more about the intelligence we offer by visiting our Fastmarkets flagship website. If you are familiar with our reliable and trusted intelligence, fill out a request a quote form today to hear from our friendly sales staff who will create a custom license for you.


Interested in lithium prices? We now offer lithium prices and coverage free for reference. Click here to read all about it.

Interested in the wider electrification market?
Join our growing community of participants who want to learn more about electrification and how this market is developing.