Article Title | Sentiment | Date | Summary | Stock | Id | Author |
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Pratt Parent Sues Heico Corp. | -11 | 1990-03-29 00:00:00 | United Technologies Corp. has sued Heico Corp. of Hollywood for $100 million, accusing Heico of stealing trade secrets and unfair competition. In a prepared statement released on Wednesday, Heico said United Technologies made the claim in an amendment to a previously filed patent infringement suit against Heico and its Jet Avion Corp. subsidiary. The Heico statement said United Technologies did not explain the $100 million figure in the amended filing and that some of the allegations date back to 1967. The suit was filed by Pratt & Whitney, a division of United Technologies. Heico and Pratt have split the estimated $40 million market for the combustion chambers. | HEI | {} | 1308 |