The Norit Americas unit of Nuon NV, a Netherlands-based utility company, has accepted a $40.5 million settlement offer from Littleton, ADA-ES Inc. (ADES), according to a company statement.
The settlement follows a decision by a three-person independent arbitration panel that found Colorado-based ADA and two former Norit employees had misappropriated trade secrets and violated a contract. Norit filed a trade secrets case in Texas...
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