EM Tyre Conspiracy Verdict Awards $26 million, Defendants Likely to Fight On
On Friday 15 July 2010 Florida-based mining tyre design company Tire Engineering and Distribution L.L.C. gained a $26 million verdict against Shandong LingLong Rubber Co. Ltd. and Al Dobowi Tyre Co. L.L.C. for allegedly conspiring with a former employee (Sam Vance) to steal proprietary designs for underground mining tyres. The default verdict was issued when Vance failed to appear before the court. The news is the latest in a line of related claims and follows an Appeal Court decision to overturn an earlier $59 million award verdict earlier this year. In the latest case T&A understands that despite the jury verdict being given, the case has not yet reached the judgement stage, where the amount and even the ruling as a whole can be modified by a judge. Furthermore, due to the complex nature of the case, the defendants are expected to appeal if they are finally found against.