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In 1995, Internet Magic Inc. and Netfax Inc. both applied for a patent covering technology that allows the use of the Internet to fax documents. Instead of competing, the companies began merger talks and started exchanging confidential information. But Netfax used some of the information against Internet Magic. On Feb. 1, a San Diego jury ordered Netfax and its principal shareholder to pay Internet Magic $114 million.
February 15, 2002 at 12:00 AM
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The original version of this story was published on Law.Com
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