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Former Technical Director of Wheeling Paint Company Indicted for Alleged Theft of Trade Secrets Before Joining Competitor

A former northwest suburban man who was arrested in March was indicted this week on federal charges for stealing trade secrets from his former employer, Valspar Corp., in Wheeling, federal law enforcement officials announced today. The defendant, David Yen Lee, was charged with five counts of theft of trade secrets in violation of the federal Economic Espionage Act in an indictment returned by a federal grand jury.

Between November 2008 and March 2009, Lee allegedly downloaded technical documents and materials, including trade secrets belonging to Valspar from Valspar's secure internal computer network, and removed numerous documents and other materials from Valspar's offices in Wheeling.

To read the complete article from Media Newswire, click here.

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