Jury Verdict on Penile Implant Trade Secrets Rejected on Appeal

A California jury incorrectly found that two doctors stole trade secrets, breached a contract, and took improper credit for inventions related to the cosmetic penile implant business of International Medical Devices Inc., the Federal Circuit ruled Friday.

The jurors, however, were justified in finding the doctors, Robert Cornell and Run Wang, and an investor, Richard Finger, liable for counterfeiting based on their unauthorized use of IMD and founder James Elist’s Penuma trademark, the US Court of Appeals for the Federal Circuit said.

The court’s precedential opinion leaves in place just $1 million out of the total $18.3 million in damages ...