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Jury Awards Texas Company $115M in Lawsuit Against Walmart arkansasbusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arkansasbusiness.com Daily Mail and Mail on Sunday newspapers.
Walmart ordered to pay $115 million for breach of contract, stealing trade secrets Agtech company Zest Labs won a $115 million verdict against Walmart Friday.
A federal jury in Little Rock ruled that Walmart stole trade secrets from Agtech company Zest Labs, a breach that came with a $115 million judgement.
The ruling against Walmart came after a two-week trial in
U.S. District Judge James Moody’s court in Little Rock. This is believed to be the largest jury verdict ever in Arkansas.
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San Jose, California-based Zest Labs specializes in technology to reduce food waste and move food as quickly as possible from farm to table. In their suit, Zest contended that while they were doing business with the Bentonville-based retail giant, Walmart learned about Zest’s proprietary technology and stole it for themselves.