New York Federal Court Awards $26 Million for Software Trade Secrets Misappropriation

A federal district court in Syracuse, New York has ordered Security Mutual Life Insurance Company of New York and Archway Technology Services, Inc. to pay Member Services, Inc. $26 million in compensatory and punitive damages after a jury found the defendants liable for unfair competition and misappropriation of trade secrets related to software that stores data from remote locations into a single database. See Member Services, Inc. v. Security Mutual Life Insurance Co. of New York, No. 3:06-CV-1164 (DEP) (N.D. N.Y. Oct. 13, 2011) (judgment) (jury verdict).

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