financetom
Forex World Market Business Cryptocurrency Commodities MAP
financetom
Business
financetom
/
Business
/
Parker-Hannifin Accused of Trade Secret Theft, Fraudulent Patent Filings by Davidson Instruments
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Parker-Hannifin Accused of Trade Secret Theft, Fraudulent Patent Filings by Davidson Instruments
Jun 3, 2025 5:39 AM

08:22 AM EDT, 06/03/2025 (MT Newswires) -- Parker-Hannifin ( PH ) is being sued by Davidson Instruments over allegations that the company filed fraudulent patents and misappropriated trade secrets related to advanced fiber optic pressure sensing technology, Davidson Instruments said Tuesday.

Davidson Instruments claimed that Partker filed a fraudulent patent application last year to seize control of fuel-efficient innovations it developed for use in jet engines and industrial combustion turbine engines.

The company further claimed that Parker unlawfully exploited the technology after failing to develop a similar system through its efforts dating back to 2013.

The lawsuit is seeking at least $900 million in damages and injunctive relief to block Parker from using the disputed technology.

Parker-Hannifin ( PH ) did not immediately respond to MT Newswires' request for comment.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
SQM Q2 Net Income, Revenue Fall
SQM Q2 Net Income, Revenue Fall
Aug 20, 2025
03:33 AM EDT, 08/20/2025 (MT Newswires) -- Sociedad Quimica y Minera de Chila (SQM) reported Q2 net income late Tuesday of $0.31 per share, down from $0.75 a year earlier. Three analysts polled by FactSet expected $0.51. Revenue for the quarter ended June 30 was $1.04 billion, compared with $1.29 billion a year earlier. Analysts surveyed by FactSet expected $1.04...
 Cisco Systems Insider Sold Shares Worth $2,036,057, According to a Recent SEC Filing
Cisco Systems Insider Sold Shares Worth $2,036,057, According to a Recent SEC Filing
Aug 20, 2025
03:32 AM EDT, 08/20/2025 (MT Newswires) -- Charles Robbins, Director, Chair and Chief Executive Officer, on August 15, 2025, sold 30,557 shares in Cisco Systems ( CSCO ) for $2,036,057. Following the Form 4 filing with the SEC, Robbins has control over a total of 639,000 common shares of the company, with 639,000 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/858877/000085887725000093/xslF345X05/wk-form4_1755644468.xml ...
 Meta Platforms Insider Sold Shares Worth $2,443,599, According to a Recent SEC Filing
Meta Platforms Insider Sold Shares Worth $2,443,599, According to a Recent SEC Filing
Aug 20, 2025
03:31 AM EDT, 08/20/2025 (MT Newswires) -- Javier Olivan, Chief Operating Officer, on August 15, 2025, sold 3,129 shares in Meta Platforms ( META ) for $2,443,599. Following the Form 4 filing with the SEC, Olivan has control over a total of 123,864 Class A common shares of the company, with 13,128 shares held directly and 110,736 controlled indirectly. SEC...
 Idaho Strategic Resources Insider Sold Shares Worth $1,175,500, According to a Recent SEC Filing
Idaho Strategic Resources Insider Sold Shares Worth $1,175,500, According to a Recent SEC Filing
Aug 20, 2025
03:33 AM EDT, 08/20/2025 (MT Newswires) -- John Swallow, Director, President & Chief Executive Officer, on August 19, 2025, sold 50,000 shares in Idaho Strategic Resources ( IDR ) for $1,175,500. Following the Form 4 filing with the SEC, Swallow has control over a total of 780,248 common shares of the company, with 780,248 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1030192/000165495425009823/xslF345X05/section16.xml...
About
Terms and Conditions Privacy policy Cookie Settings Contact Us
Services
Login register
financetom Market Personal Finance Business Economy Cryptocurrency MAP
Links
zpostcode Recruit weather mreligion Yellowpages sport constellation shopping name game directory literature Word tour furnish Lottery tftnews lyrics News digital car dir Edu Finance
Copyright 2023-2026 - www.financetom.com All Rights Reserved