- Associated Press - Friday, December 19, 2014

LYNCHBURG, Va. (AP) - A Lynchburg jury has awarded Areva Inc. about $16 million in damages in a lawsuit against Babcock & Wilcox.

The circuit court jury found that B&W; breached a 2004 contract with Areva and misused the company’s trade secrets. The jury said B&W; used Areva’s technology in 15 contracts with other businesses and didn’t pay royalties.

The News & Advance (https://bit.ly/1xtz8eE ) reports that the jury issued its verdict Wednesday following an eight-day trial.

Babcock and Wilcox says it respects the jury’s efforts but doesn’t agree with the verdict. Attorneys for the company say they will file a motion seeking a new trial.

Areva says it’s pleased with the verdict.


Information from: The News & Advance, https://www.newsadvance.com/

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