Wednesday, April 22, 2009

Morrison & Foerster Wins $36 Million in Trade Secrets Trial

A San Jose, Calif., jury hit Luna Innovations for $36 million in damages in a trade secret case Tuesday, handing Hansen Medical and its lawyers at Morrison & Foerster the victory.
MoFo's Arturo Gonzalez had squared off with Wilson Sonsini Goodrich & Rosati's Jamie DiBoise in the three-week trial, culminating in animated closing arguments Thursday.
The jury took 1 1/2 days to come to a verdict. They found that Luna broke an agreement it had to help Hansen develop a robotic catheter and misused trade secrets to land a lucrative contract with a Hansen competitor, Intuitive Surgical Inc., instead.
"It's huge because the winner controls the industry," Gonzalez crowed on Tuesday.
DiBoise warned jurors last week that Luna, a Virginia tech development company with a $20 million market cap, "would cease to exist" if they awarded the damages being sought.

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