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Business
Wyatt Technology Wins On Appeal
by Ann M. Thayer
September 7, 2009
| A version of this story appeared in
Volume 87, Issue 36
Instrument maker Wyatt Technology has won its appeal of a lawsuit against Viscotek relating to the theft of Proterion Corp. dynamic light-scattering technology that Wyatt acquired in late 2004. A U.S. Court of Appeals reversed an earlier judgment that had found Wyatt guilty of trade secret misappropriation. The latest ruling reinstates Wyatt’s theft claims against Viscotek and reverses a $100,000 punitive damages award to Viscotek. Wyatt is now seeking more than $5 million in damages from Viscotek and intends to go after Viscotek’s parent, Malvern Instruments, for more than $25 million.
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