A Houston jury ruled Thursday afternoon that Houston-based TechnipFMC did not own trade secrets related to subsea drilling designs that the company had accused hometown rival Dril-Quip and ex-FMC engineer Rick Murphy of misappropriating, handing FMC a take-nothing verdict.
Lawyers for Dril-Quip and Murphy said they were thrilled with the result. An attorney for FMC said the company respects the verdict, but promised an appeal . . .
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