Connect with us


Ford Ordered to Pay Millions for Allegedly Stealing Software



Image for article titled Ford Ordered to Pay Millions for Allegedly Stealing Software

Image: Karen Bleier (Getty Images)

Ford has allegedly been sharing secrets. And now, after a 15-day trial, a judge and jury have ordered the Detroit automaker to pay $104.6 million in damages for “breaching a 2004 licensing contract and misappropriating trade secrets,” to an Austin, Texas-based software company, as reported Automotive News.

Back in the late 1990s, Ford entered into a contract with Versata, a software company that licensed its software to Ford for over 17 years. According to the company, its software allowed Ford’s engineers and marketing reps work together on things like vehicle design, internationally. The main feature of the software was the ability to have real-time, seamless updates.

The contract held Ford to paying yearly licensing fees in the millions. But according to Versata, Ford had allegedly copied Versata’s software and moved forward with ending its contract with the software company. That 2014 offer for licensing was $17 million annually.

Ford said in a statement, “While we respect the jury’s decision, we believe the facts and the law do not support this outcome. Ford will appeal the verdict.”

The jury-awarded Versata $104.6 million in damages included $82.2 million for breaching the contract, $59.9 million for damaging trade secrets, and $22.4 million for trade secret misappropriation. Or rather that the trade secret (the software) was taken or disclosed without Versata’s consent.

Continue Reading

Recent News

Boiler Boiler
Guide8 hours ago

When Is the Best Time to Replace a Boiler?

A boiler is a workhorse that works around the clock. It provides heat and warm water whenever needed. While horses...

Grammar Grammar
Tech14 hours ago

Grammar Checkers Unleashed: Enhancing Writing Precision and Efficiency

In the present computerized age, the ascent of simulated intelligence innovation has presented new difficulties in regards to the genuineness...

Crypto Staking Crypto Staking
Crypto4 days ago

Is it Possible To Make Money On Crypto Staking in 2024?

In the modern world, cryptocurrencies and blockchain technologies are becoming increasingly popular, attracting the attention of investors and users from...

Lake Como Lake Como
Wedding4 days ago

How to Choose the Right Location for a Marriage Proposal in Italy and Lake Como

Proposing marriage is a unique and memorable moment in a couple’s life. Choosing the right location is crucial to creating...

Personal Injury Lawyer Personal Injury Lawyer
Law1 week ago

Finding the Best Personal Injury Lawyer in Lumberton, NC

Personal injury law is designed to protect individuals who have been harmed due to the negligence or wrongful actions of...

WhatsApp Business WhatsApp Business
Business1 week ago

Running WhatsApp Business with Pro+VPS for Android Emulator

WhatsApp Business is one of the most powerful tool for Business to manage customers communication. Running it can enhance the...

Civil Partnership Visa Civil Partnership Visa
Finance1 week ago

Civil Partnership Visa vs Spouse Visa: Which One is Right for You

Choosing the right visa to join your partner in the UK can be confusing. Two common options are the Civil...

Crypto Crypto
Crypto2 weeks ago

Staked Crypto – A Step-by-Step Guide for Beginners

Ethereum staking has become an increasingly popular way for cryptocurrency holders to earn passive income through staking rewards. In this...

Ethereum Staking Ethereum Staking
Crypto2 weeks ago

Maximizing Ethereum Staking Rewards: Tips and Tricks

Are you looking to maximize the potential of your Ethereum holdings? Stake Ethereum using OkayCoin and take advantage of the...

Wedding Wedding
Wedding2 weeks ago

4 Wedding Services You Can Quickly Check Off Your To-Do List

Organizing a wedding might like arranging a large-scale symphony, in which each element must work together to produce a beautiful...