Italy’s Prysmian gets more than $96 million in trade secrets dispute against Sterlite

(Reuters) – Italian cablemaker Prysmian on Monday received about $96 million in its trade secrets case against India’s Sterlite 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.

(This story has been refiled to correct the spelling of Sterlite in paragraph 1)

(Reporting by Disha Mishra in Bengaluru)

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