Uber and Waymo have reached a settlement in lawsuit for theft of trade secrets

On 9 February 2018, Uber and Waymo lawsuit for theft of trade secrets came to an end, since the parties reached a settlement in which Uber is giving a 0.34% stake (USD$ 245 million) to Waymo as part of the agreement.

Uber was accused of managing a plan to steal confidential files from Waymo when the firm was still part of Google, and the accusation also rolled about the use of eight trade secrets, whittled down from an original list of 121.

Uber’s defense was that there was no proof of the use of the disputed secrets in its technology, a stance it’s still maintained.