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