Jury orders Best Buy to pay $27 million to software startup TechForward

TechForward claims Best Buy used its software for its buyback program

Consumer electronics Goliath Best Buy Inc. was hit on Thursday by a sizable pebble from the slingshot of David-sized startup software company TechForward, in the form of $27 million in damages for trade secret theft.

TechForward developed software that calculated the buyback value of different electronics, such as computers and televisions. The company claims that after it worked with Best Buy to develop the retailer’s own buyback program, Best Buy walked away and developed the program alone, using TechForward’s technology. As a result, TechForward alleges it had to go out of business.

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