Best Buy to Pay $27 Million to Tech Startup for Misuse of its Trade Secrets

A California jury has awarded TechForward $22 million in damages for the improper use of its trade secrets by Best Buy and two of its subsidiaries relating to TechForward's Guaranteed Buyback Program. The jury determined that Best Buy's conduct was willful and malicious. The court also awarded TechForward an additional $5 million in punitive damages.