A US court has left conservatory manufacturer Ultraframe with a potential bill of more than £5 million after upholding a judgement against the company yesterday.
An Ohio jury ruled last year that the firm must pay out £4.8 million to rival company Patio Enclosures following alleged misuse of trade secrets by a staff member of Ultraframe's wholly-owned subsidiary Four Seasons, who was a previous employee of Patio Enclosures.
After losing its appeal against the decision yesterday, Ultraframe said it was 'disappointed' and is considering a potential appeal to the Ohio
Ultraframe has already made provisions of £5.3 million for the adverse outcome in its accounts.
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