An Eastern District of Virginia jury returned a $26 million verdict for Florida-based mining tire design company Tire Engineering and Distribution, LLC and CEO Jordan Fishman in a trade secret case. Plaintiffs accused the Chinese firm Shandong LingLong Rubber Co Ltd and Dubai distributor Al Dobowi Tyre Co LLC of conspiring with former Alpha Executive Sam Vance in 2005 to steal Fishman’s unique, proprietary designs for underground mining tires. Read a news report here. Vance failed to make an appearance.
$26 Million Verdict in Florida Trade Secrets Trial