Boeing’s new legal nightmare: Potential damages of $235 million in trade secrets suit
Posted: Jun 03, 2024
- Boeing faces potential damages of $235 million in a trade secrets lawsuit brought by Zunum Aero - Zunum Aero won $81 million in damages for trade secret theft from Boeing - A jury also awarded Zunum $11.6 million for tortious interference by Boeing - Judge could triple the total award to $235 million - Boeing plans to appeal the judgment - Boeing provided a loan to Zunum but later launched a competing hybrid-electric plane - Zunum laid off employees due to financial troubles in 2018 - Zunum's co-founders hope to repay creditors and former employees with the judgment - Boeing is a creditor but will receive a discounted award due to unpaid loans - Boeing is also facing legal troubles related to two fatal crashes involving the 737 Max planes in 2018 and 2019
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