TechForward Wins $27M In Lawsuit Against Best Buy Over Stolen Trade Secrets



By Leena Rao, TechCrunch

“Score one for the small guys. Startup TechForward just won a huge lawsuit against electronics retailer Best Buy over misappropriated trade secrets. The judge has awarded TechForward $22 million in damages, as well as another $5 million in punitive damages.

Here’s the background. In 2009, Best Buy and TechForward, which has raised money from First Round Capital and NEA, engaged in a trial program of TechForward’s Guaranteed Buyback Plan in a number of Best Buy Stores. TechForward has done similar deals with other big-name retailers as well.”

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