The Department of Justice reports that a Taiwan company has been sentenced to pay a criminal fine of $60 million after pleading guilty to trade secret theft, the second-largest fine ever levied in a criminal trade secret prosecution. The company will also be subject to a three-year term of probation and cooperate with the DOJ’s investigation and prosecution of its co-defendant, a Chinese state-owned enterprise. In exchange, the other criminal charges and a parallel civil suit against the company will be dismissed.
The DOJ notes that its criminal prosecution of the other company and three individual defendants will continue, as will a civil action seeking to enjoin that company from the further transfer of stolen trade secrets and the export to the U.S. of products it manufactured using the stolen trade secrets.
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