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

Fugro Secures Four-Year Extension for Heerema's Heavy-Lift Fleet

Aker BP Picks OneSubsea for Subsea Tieback Scheme off Norway

Fugro Secures New Offshore Wind Survey Work in UK Waters

Current News

ADNOC Drilling Awarded Two Offshore Jack-Up Rig Contracts

Sable Offshore Hits Record Low Amidst Ongoing Sales Disruptions

Maritime Market: Cable Layer Fleet Gains Scale, Scope

Murphy Oil Secures Six Offshore Israel Licenses Near Leviathan Gas Field

Subscribe for OE Digital E‑News