Baker Hughes wins $25m in Varel suit

US services giant Baker Hughes was awarded $25 million in damages by a Texas state-court jury that found Varel International Energy Services cloned a best-selling drill bit from stolen designs.

Drill bit espionage: Varel ordered to pay $25 million to Baker Hughes.
Drill bit espionage: Varel ordered to pay $25 million to Baker Hughes.
Published 27 April 2010, 22:47Updated 10 October 2016, 11:19
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