Powell had been a 20-year independent contractor who, the judge noted, previously had a good relationship with the company and who trusted the company enough to provide the prototype, although he had not yet patented it.posted by rtha at 1:49 PM on May 12, 2010 [6 favorites]
“It is sad to say, but Home Depot literally organized the theft of the Powell invention,” Hurley said. “That is what they did. Big, wealthy Home Depot just blew off Michael Powell.”
A key piece of evidence was a photo of a former Home Depot executive carrying tape measures, pencils and pads, and examining one of Powell’s prototypes that had been installed at a Georgia store.
The $20.8 million verdict is the result of two separate rulings. A 14-day trial began in February, and the jury awarded Powell $15 million in damages. The jury also determined that Home Depot’s actions were intentional and willful, which afforded Herman and Brown the opportunity to return to court and ask that the judge add additional damages as a penalty for Home Depot’s conduct.
A second hearing was held Monday to request such an award and to ask that the court declare the case “exceptional” for purposes of awarding attorneys’ fees. The court granted both requests, ordering Home Depot to pay an additional $5.8 million, plus prejudgment interest accruing since May 16, 2006 – the date Powell’s patent was issued.
$25,000,000? That number has a lot of digits, and this is an incisive story, but now is not the time to be pointing fingers. I think responsibility should be shared jointly.
Net Sales: $66.2 billionposted by ericb at 2:51 PM on May 12, 2010 [2 favorites]
Gross Profit: $22.4 billion
Consolidated Net Earnings (from Continuing Operations): $2.7 billion.
If there's no reward to be had for the creation of safety devices, then what incentive is there to do so, instead of earning money or resting?Well, you could get paid a salary to invent those. Like, say, all the people who work for the various corps who actually own most of the patents out there.
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posted by joe lisboa at 1:33 PM on May 12, 2010 [7 favorites]