Mangano says he can't afford another round with Pfizer, which had $44 billion in sales last year. At 66, with four young children, Mangano says he ransacked his retirement account and spent $15 million for the first trial.
His nonprofit foundation, which had 80 employees, is down to three; it's running millions of dollars in the red.
"We're out of money," said Mangano, who was contacting a lawyer this week about filing bankruptcy for the nonprofit. "We had enormous legal fees and we have very little recourse. Maybe I was too headstrong."
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As reported in the link -
But two months ago, the trial judge threw out the jury verdict.
Though the jury decided that Pfizer was equally as guilty as Hsu for stealing the IREF's trade secrets, Judge Gregory H. Ward ruled: "The weight of the evidence established that Hsu acted without the knowledge and consent of Pfizer," Ward wrote. He granted the company a new trial.
Jury foreman Jeffrey Frenster said the jurors took the news as a slap in the face. "We were shocked and deflated," he said. "We didn't find the testimony of the vast majority of Pfizer witnesses to be credible."
Geez, a skeptical person couldn't help but be suspicious of this judge's actions. A cynical person might even think he was on the take.
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