Ford Wins Reversal of $105 Million Trade Secrets Verdict

Ford Wins Reversal of $105 Million Trade Secrets Verdict
The Ford logo at the North American International Auto Show in Detroit on Jan. 15, 2019. Brendan McDermid/Reuters
Reuters
Updated:

A federal judge in Detroit on Monday threw out a jury verdict ordering Ford Motor Co. to pay Versata Software Inc. $104.6 million for breaching a 2004 licensing contract and misappropriating trade secrets.

U.S. District Judge Matthew Leitman said that while Versata Software, which licensed software to Ford from 1998 to 2015, offered sufficient evidence of a contract breach, it did not offer evidence to let jurors calculate damages accurately.