The Legal Environment of Business: Text and Cases (MindTap Course List)
The Legal Environment of Business: Text and Cases (MindTap Course List)
10th Edition
ISBN: 9781305967304
Author: Frank B. Cross, Roger LeRoy Miller
Publisher: Cengage Learning
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Chapter 8, Problem 2IS
Summary Introduction

Case summary: The company G creates, patents, and markets software. The company W sells the company G’s software without its permission.

To find: The possibility of patent infringement and the chance of recovery of the cost and profit.

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Drew is an officer of Energy Fuel, Inc. Drew knows that an Energy engi­neer recently developed a new, inexpensive method for converting hy­dro­gen into fuel. Drew takes advantage of this information to buy Energy stock from Gert and, after the discovery is announced, to sell the stock to Holly at a profit. Gert claims that this is a violation of federal law. Is Gert correct? If so, what federal law has Drew violated, and what are its possible penalties?
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