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U.S. Federal Jury Unanimously Finds Vade Secure Willfully Misappropriated Proofpoint Trade Secrets and Infringed Proofpoint Copyrights | Proofpoint US
SUNNYVALE, Calif., August 24, 2021 – A U.S. federal jury unanimously found Friday that Vade Secure (Vade) willfully and maliciously misappropriated over a dozen trade secrets and infringed copyrights belonging to Proofpoint, Inc. (NASDAQ: PFPT) and its subsidiary Cloudmark LLC, awarding Proofpoint approximately $13.5 million in compensatory damages for Vade’s unjust enrichment to date. The Court’s decision on punitive damages for Vade’s willful misappropriation of the trade secrets is expected in late October. Proofpoint will also…
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