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Aclara Receives $17M Reduction in Trade Secret Case with Caliper

NEW YORK, Nov 27 – Aclara BioSciences said that a trial judge has granted the company’s request to reduce a $52 million jury award in a microfluidics trade secret lawsuit with Caliper Technologies by $17 million .

“In addition, we intend to appeal the remaining $35 million and believe that we have strong grounds on which to base that appeal," Joseph Limber, president and CEO of Aclara said in a statement released Sunday.

The award will be stayed, with no payment to Caliper, until the appeal is resolved, Aclara said.

The Court has not ruled on Caliper's request for a constructive trust. Once the Court rules on equitable relief and enters a judgment, Aclara expects to file an appeal to the California Court of Appeal for the Sixth Appellate District. The company expects the appeal to be heard within a year.

As of mid-August Aclara reported assets in excess of $210 million.