Ford Ordered To Pay Software Company $105 Million In Trade Secrets Case | Carscoops

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Ford Ordered To Pay Software Company $105 Million In Trade Secrets Case | Carscoops carscoops

and stopped paying it for its product. Indeed, in the case it emerged that, in 2014, Ford rejected a “final” offer to license Versata’s software for $17 million per year.

Ford, in a statement, expressed its displeasure with the jury’s decision. Although it says it respects the decision, it “believes the facts and the law do not support this outcome.” It added that it will appeal the verdict. Dan Webb, a partner at Winston & Strawn, which represented Versata in the case, described the result as a “favorable verdict, and we’re very pleased.” Despite that, the jury only awarded the company about 85 percent of what it sought after Ford’s initial defense, that it owned Versata’s trade secrets, was deemed “phony” by Webb.stating that it did not infringe on Versata’s intellectual property.

 

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