Covington & Burling litigators scored a major win for Eli Lilly & Co. last week when a panel of arbitrators rejected trade secret misappropriation claims by French biotech company Adocia S.A.
Adocia, which was represented by Jones Day, sought at least $1.39 billion in damages. The two companies in 2014 teamed up to develop a rapid-acting insulin. But the collaboration didn’t last, and Adocia went on to claim Lilly misappropriated and misused its confidential information and discoveries.
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