Fresh hope for an inventor
by Patricia B. Gray, FSB Magazine

(FORTUNE Small Business Magazine) - Who knew that a pinhole could be worth billions? In October 2003 we wrote about inventor Jack Evans, who was in a court battle with General Motors ("Fast and Furious"). Evans claimed that GM stole his design for an engine cooling system when he worked as a consultant for the company in the 1980s.

He filed a $600 million lawsuit in 1994, accusing GM (Research) of using his design - built around a vent no larger than a pinhole - in millions of cars and trucks. Although GM admitted that an employee had forged evidence to support its claim that it had developed the cooling system independently, a Connecticut judge found in favor of the automaker.

But in late March the Connecticut Supreme Court overturned that decision, ruling that the judge should have allowed the inventor to plead his case to a jury. The second trial should begin by the end of the year, and the stakes are high: GM's law firm says the automaker's potential liability could be as high as $12 billion. Top of page

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Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.