Jury Orders Ford to Pay $105 Million to Software Company Over Trade Secrets

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Jury orders Ford to pay $105 million to software company over trade secrets.

The report claims Versata licensed its automotive software, which helped Ford's engineers and marketers collaborate on vehicle development, to the company from 1998 to 2015. At some point, Ford decided it didn't want to pay Versata the millions in licensing fees for the software each year, so it copied the system and stopped paying the fee starting in 2014.

Litigation between the automaker and the software firm started in 2015 after Versata accused Ford of infringing on its intellectual property. A jury awarded Versata more than $82.2 million for breach of contract, while the remaining $22.

 

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