Joby faces $116.9m in damages for trade-secret misappropriation and NDA breach

Joby Aviation has been found liable for breaching a nondisclosure agreement with Aerosonic, resulting in $116.9 million in damages awarded by a Florida federal jury on October 2nd. The verdict originates from a multi-year business relationship between the two companies. Joby denies all wrongdoing and intends to challenge the decision through post-trial remedies. Specifically, the court determined that Joby engaged in trade secret misappropriation related to Aerosonic’s aviation equipment supply operations. This legal action highlights concerns surrounding intellectual property protection within the rapidly evolving air taxi industry.