For a 'failed' startup that's a pretty great ROI compared to last week. Good on them, hope the judge triples it.
A federal court jury in Seattle on Thursday ruled against Boeing in a lawsuit brought by failed electric airplane startup Zunum and awarded $81 million in damages — which the judge has the option to triple.
Zunum alleged that Boeing, while ostensibly investing seed money to get the startup off the ground, stole Zunum’s technology and actively undermined its attempts to build a business.
[..]
It ran out of cash and collapsed in 2019. By then it had spent about $282,000 of a state grant and another $15 million from investors, including Boeing’s Horizon X venture-capital division and a venture-capital unit of New York-based airline JetBlue Airways.
For a 'failed' startup that's a pretty great ROI compared to last week. Good on them, hope the judge triples it.
Boeing will just appeal it for years, whatever money Zunum has to pursue the suit/defend appeals will dry up, and Boeing will eventually get it thrown out, reduced to an amount that is no longer...
Boeing will just appeal it for years, whatever money Zunum has to pursue the suit/defend appeals will dry up, and Boeing will eventually get it thrown out, reduced to an amount that is no longer feasible to fight, or rights to Zunum's IP will be sold in a last ditch effort to get some money and Boeing will write a paltry settlement check to the new IP owners to make it all disappear.
For a 'failed' startup that's a pretty great ROI compared to last week. Good on them, hope the judge triples it.
Boeing will just appeal it for years, whatever money Zunum has to pursue the suit/defend appeals will dry up, and Boeing will eventually get it thrown out, reduced to an amount that is no longer feasible to fight, or rights to Zunum's IP will be sold in a last ditch effort to get some money and Boeing will write a paltry settlement check to the new IP owners to make it all disappear.
Mirror, for those hit by the paywall:
https://archive.is/kShk8