ClearOne Collects $3.7 Million Toward Judgment Against Biamp Systems Corp. In Federal Trade Secret Misappropriation Case

December 16, 2011

Source: ClearOne

The United States District Court for the District of Utah released the sum of $3,702,321.33 to ClearOne Communications, Inc..

This payment is the full amount of the supersedeas bonds posted by Biamp Systems Corp. ("Biamp") with the Utah Court, following ClearOne's jury verdict against Biamp in November 2008, which was subsequently partially affirmed by the United States Court of Appeals for the Tenth Circuit earlier this year.

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