Jury In U.S. Rules In Favor Of FLIR Systems In Raytheon Litigation

(RTTNews) - FLIR Systems Inc. (FLIR) announced that the company and its subsidiary, Indigo Systems Corporation (now known as FLIR Commercial Systems Inc.), have received a favorable verdict in a previously disclosed lawsuit filed by Raytheon Corp. (RTN) or "Plaintiff".

A jury in the United States District Court for the Eastern District of Texas rejected Plaintiff's allegations that Indigo, prior to its acquisition by FLIR in 2004, and FLIR misappropriated 31 trade secrets owned by the Plaintiff.

The jury determined that 27 of the 31 alleged trade secrets were not in fact Plaintiff trade secrets and that neither FLIR nor Indigo misappropriated any of 31 trade secrets that were claimed.

No damages were awarded against FLIR and Indigo. The court will decide whether or not to award FLIR and Indigo their attorney's fees as the prevailing parties under the Texas Theft Liability Act.

"Today's finding from the jury confirmed our belief that Raytheon's lawsuit was wholly without merit," said Andy Teich, President and CEO of FLIR.