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Joby Aviation ordered to pay over $100 million in intellectual property dispute

Nasdaq +1 ·

JOBY
JOBY Joby Aviation Inc
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  1. 1A federal jury has awarded over $100 million in damages in the dispute between Aerosonic and Joby Aviation.
  2. 2The award includes $68.6 million for Joby's NDA violation and $18.3 million in punitive damages.
  3. 3Joby stated it will vigorously pursue all available appellate remedies regarding this ruling.

So what's the key point?

Joby Aviation was ordered to pay more than $100 million for failing to protect technical secrets from another company. The company plans to respond by appealing the decision.

Source Nasdaq +1 · View original ↗

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