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

Oil Dips 2% as Hurricane Fears Ease

Oil Dips 2% as Hurricane Fears

ND Governor Burgum on Trump's Energy Shortlist

Baker Hughes: US Rig Count Remains Steady

Baker Hughes: US Rig Count Rem

Did You Know? Six Steps Cyber Attackers Take to Steal Maritime Data

Did You Know? Six Steps Cyber

Subscribe for OE Digital E‑News

Offshore Engineer Magazine