Sterlite Technologies’ US subsidiary faces $96.5-million penalty in Prysmian verdict

The case involved allegations against Sterlite Technologies Inc and its employee, Stephen Szymanski, over violations of non-compete and confidentiality agreements. Prysmian claimed that Szymanski disclosed confidential information to STI, giving it an alleged unjust competitive advantage. Shares of Sterlite Technologies Ltd ended at ₹114.55, down by ₹6.20 or 5.13%, on the BSE today (August 29).

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