MILPITAS, CA -- Intersil Corporation announces that a jury reached a verdict today on litigation initiated in 2008 by Texas Advanced Optoelectronic Solutions, Inc. ("TAOS") in the U.S. District Court for the Eastern District of Texas.
In response to claims of trade secret misappropriation, breach of contract, tortious interference with a business relationship and patent infringement, the jury awarded TAOS $48.8 million in compensatory damages and $10 million in exemplary damages. Although the company appreciates the jury's service, it believes the verdict and magnitude of the award to be erroneous. Intersil will seek to overturn the verdict through post-trial motions and appeals to the appropriate U.S. Circuit Courts of Appeal, as necessary.
For more information, visit http://www.intersil.com