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

DeepOcean Extends Vessel Charters

DeepOcean Extends Vessel Chart

Rystad Energy: No Surprises on Trump’s Day 1

Rystad Energy: No Surprises on

European firms exposed as Trump targets US offshore wind

European firms exposed as Trum

US NatGas Demand Could Hit Record High

US NatGas Demand Could Hit Rec

Subscribe for OE Digital E‑News

Offshore Engineer Magazine