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Caterpillar found guilty of stealing trade secrets
Miller plans to seek interest and attorneys fees on top of the $73.6 million verdict, which could bring the award to more than $100 million, Mr. Oslan said.
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Caterpillar denied the accusations, and a company spokeswoman said “We are considering our next steps in this litigation”.
The lawsuit was filed in 2010 by Miller UK, after Caterpillar ended its agreement with Miller for the procurement of the coupler in 2008. Miller had designed it around 1998 and it was the world’s first fully automatic, universal quick coupler. The company had said that these secrets were used by Caterpillar to manufacture its own couplers, used to attach the large scoops on excavators. Caterpillar won $1 million back from Miller for its counterclaim of defamation, for claims Miller made in a video about Caterpillar’s rip-off design.
After cancelling the contract, Miller UK claimed Caterpillar simply stole its idea and began making and selling the coupling devise themselves. The loss of Caterpillar as a customer forced Miller to terminate about three-quarters of its work force and close offices in Savannah, GA, and Japan and scale back a joint venture in China. According to Miller, the product that Caterpillar developed was based on confidential information which Miller supplied it with and alleged that the company has misappropriated its trade secrets.
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This is another disappointing news for the mining and equipment behemoth.