Jury Awards AeroVironment Damages of More Than $2.4 Million in Lawsuit Against AeroVironment’s Former Employees Who Founded MicaSense, Inc.
March 01, 2018
- Jury found that former AeroVironment employees, Gabriel Torres, Justin McAllister, and Jeff McBride engaged in fraud against AeroVironment
- Jury found that Torres and McAllister breached their Patent and Confidentiality Agreements with AeroVironment
- Litigation continues on pending equitable relief claims
MONROVIA, Calif. – March. 1, 2018 – AeroVironment, Inc. (NASDAQ: AVAV) today announced that it won an important jury verdict in Ventura County Superior Court. On February 26 the jury found that former AeroVironment employees, Gabriel Torres, Justin McAllister, and Jeff McBride engaged in fraud, and that Torres and McAllister breached their respective Patent and Confidentiality Agreements. The jury also awarded punitive damages against all three defendants.The total verdict was more than $2.4 million.Torres, McAllister, and McBride are founders of MicaSense, Inc., which is majority-owned by Parrot SA.
“A pillar of AeroVironment’s value creation strategy is innovation and intellectual property development,” said Wahid Nawabi, AeroVironment president and chief executive officer. “Our people work extremely hard, every day, to develop innovative solutions to our customers’ important challenges. We consider any violation of our intellectual property rights a serious offense against our company, employees, customers and stockholders. We will continue to protect our rights aggressively.”
AeroVironment is a leader in small unmanned aircraft systems (drones), tactical missile systems, High-Altitude Pseudo-Satellites (HAPS) and electric vehicle charging and test systems.AeroVironment recently began offering the first fully integrated drone, sensor and software information solution, that’s as easy to use as an app, for collecting and using aerial imagery. The Quantix™ drone performs a fully-automated takeoff, scouting mission and landing, digitizing up to 400 acres of crops in a 45-minute flight.The AeroVironment Decision Support System, or AVDSS™, processes the drone data to deliver actionable intelligence to farmers, so they can make more informed decisions and proceed with certainty.
AeroVironment was represented by Jennifer Baldocchi and Cameron W. Fox of Paul Hastings LLP.
About AeroVironment, Inc. (AV)
AeroVironment (NASDAQ: AVAV) provides customers with more actionable intelligence so they can proceed with certainty. Based in California, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves militaries, government agencies, businesses and consumers. For more information visit www.avinc.com.
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