A U.S. jury has awarded Prysmian $96,500,000 in damages from Sterlite Technologies, Inc., a business of India’s Sterlite Technologies Lt. (STL), for violations of trade secrets related to a former Prysmian executive who joined the company.

A press release said that on Aug. 6, at the end of a three-week trial, a U.S. District Court jury in Columbia, South Carolina, found in favor of Prysmian. Sterlite and Szymanski had denied wrong-doing.

In its June 2021 lawsuit, Prysmian had accused a former key executive, Stephen Szymanski, of providing Prysmian’s trade secrets to STL. The jury also awarded Prysmian $200,000 from Szymanski, who ran the company’s optical fiber cable business in North America before going to Sterlite, a direct competitor, in August 2020.

“At trial, Prysmian ultimately proved that Sterlite had taken thousands and thousands of pages of Prysmian’s confidential information and trade secrets,” the release said, noting that those included information about Prysmian’s customers, newest products and plans to expand its manufacturing plants. “Much of the information was found in the possession of not just Szymanski and Sterlite, but also in the possession of executives at Sterlite’s global headquarters in Pune, India.”

“This case came down to the basic principle of right versus wrong, and we are pleased that the jury came to this decision,” said Prysmian North America CEO Andrea Pirondini. “We will not stand still when it comes to defending our confidential information and trade secrets, competing fairly in the marketplace, and doing right by our customers.”

“Prysmian has a longstanding reputation for our quality products and our commitment to delivering innovative solutions in the telecommunications space,” said Patrick Jacobi, Prysmian North America Telecom senior vice president. “Securing a win in this case is a step in the right direction.”

On Sept. 16, 2023, STL, which is active in more than 150 countries, inaugurated its first U.S. cable manufacturing plant in Lugoff, South Carolina. Its focus is high fiber count cables with small diameters.  

In an STL statement, Managing Director Ankit Agarwal said that the company remains committed to serving customers in America. “We do not intend for this verdict to interrupt our plans to grow our U.S. presence. As a company, we uphold the highest standards of ethics and integrity.

We believe the verdict is not supported by the testimony and evidence presented at the trial and intend to appeal and vigorously pursue all available post-trial remedies.”