Prysmian Awarded $96 Million in Trade Secrets Dispute Against Sterlite

© chokniti / Adobe Stock
© chokniti / Adobe Stock

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)

Current News

New England States Move Forward with Three Giant Offshore Wind Farms

New England States Move Forwar

Subsea7 Reveals it is Supporting Shell's Vito Waterflood Project

Subsea7 Reveals it is Supporti

Norway Attracts 21 Bidders in Latest Oil and Gas Exploration Round

Norway Attracts 21 Bidders in

EU Grants Over $20M for Pilot Wave Energy Farm Offshore Portugal

EU Grants Over $20M for Pilot

Subscribe for OE Digital E‑News

Offshore Engineer Magazine