Czech technology company Coda Development has won a legal case in Akron, Ohio against Goodyear Tire & Rubber Co, winning USD 64 million in damages after a court found that Goodyear has stolen technology developed by Coda relating to self-inflating tyres.
Czech Company Wins Substantial Damages
The jury ruled that Goodyear had misappropriated five of the 12 alleged trade secrets Coda accused it of misusing, awarding Coda $2.8 million in compensatory damages and $61.2 million in punitive damages for what the court referred to as Goodyear‘s “willful and malicious” behaviour.
Akron-based Goodyear said in a statement that it was disappointed with the verdict and will consider all of its options. Attorneys for Coda declined to comment.