Boeing Busted For Stealing Trade Secrets? Jury Awards $72M To Electric Aircraft Startup, Troubled Planemaker To Contest Judgment
Portfolio Pulse from Anan Ashraf
A federal jury has ordered Boeing to pay $72 million to electric aircraft startup Zunum Aero for allegedly stealing trade secrets. Boeing plans to contest the judgment, which could be tripled under trade secrets law. This comes amid ongoing regulatory scrutiny and a significant year-to-date stock decline for Boeing.
June 03, 2024 | 7:17 am
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Boeing has been ordered to pay $72 million to Zunum Aero for allegedly stealing trade secrets. The company plans to contest the judgment, which could be tripled under trade secrets law. This legal setback adds to Boeing's ongoing regulatory scrutiny and significant stock decline.
The legal judgment against Boeing for stealing trade secrets from Zunum Aero is a significant setback. The potential tripling of the award under trade secrets law could further impact Boeing financially. This news adds to the existing regulatory scrutiny and a substantial year-to-date stock decline, likely leading to a negative short-term impact on Boeing's stock price.
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