Prysmian Awarded $96 Million in Trade Secrets Dispute Against Sterlite

Monday, August 12, 2024

Italian cable maker Prysmian on Monday received about $96 million in its trade secrets case against India's Sterile Technologies.

Prysmian filed the lawsuit in 2021 claiming that a former executive Stephen Szymanski misused trade secrets and took them to his new employer Sterlite, a networking technology provider.

The trial found out that Sterlite possessed information regarding clients, products, and Prysmian's manufacturing facilities expansion.


(Reuters - Reporting by Disha Mishra in Bengaluru)

Categories: Legal Subsea Industry News Activity Cables

Related Stories

Subsea7 Gets Shell’s Contract for Deepwater Development off US

Viridien, SLB Set to Launch ‘Massive’ OBN Survey Offshore Egypt

SMD Clears Electric Work-Class ROV for Deployment with Jan de Nul

Current News

Coastal Virginia Offshore Project Costs Increases to $11.5b

Equinor Extends Seadrill Drillship’s Stay off Brazil

MODEC Partners with Eld Energy, Delta to Advance FPSO Decarbonization

Conrad, Empyrean Agree Settlement Framework Over Duyung PSC Interests

Subscribe for OE Digital E‑News