Insulet Corporation Wins $452 Million in Trade Secret Lawsuit Against EOFlow, Marking Major Legal Victory
Boston, MA — Insulet Corporation, a major player in medical device manufacturing, recently secured a monumental legal victory in the U.S. District Court for the District of Massachusetts. The jury found that competitors EOFlow Co., Ltd. among others had illegally used Insulet’s closely guarded trade secrets, awarding the company a staggering total of $452 million in damages. This hefty sum consists of $170 million in compensatory damages meant to cover the loss incurred by Insulet, and an additional $282 million in punitive damages, reflecting the jury’s finding that EOFlow’s actions were both willful and malicious. … Read more