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August 2011 Archives

August 4, 2011

Oracle Demands H-P Drop Trade-Secret Suit Against Executive

By BEN WORTHEN

Oracle Corp. demanded Thursday that Hewlett-Packard Co. drop its lawsuit against a former executive who joined Oracle after it became clear that copies of sensitive data H-P alleged the executive made onto an external hard drive were in fact made by H-P.

H-P's lawsuit against the executive, Adrian Jones, who is now a senior vice president at Oracle, was "based on a knowingly false allegation," according to Oracle's demand letter, a copy of which was reviewed by the Wall Street Journal. "HP has no evidence to support its case against Mr. Jones and, frankly, it never did."

H-P now concedes that Mr. Jones didn't back up his computer with the Western Digital hard drive in February. Instead, that device was connected to the computer and the files copied in December by H-P, which was investigating Mr. Jones for ethics violations.

To continue reading this interesting article from the Wall Street Journal, please click here.

August 9, 2011

California Court of Appeals Affirms Ruling in Ultimax Cement and CTS Cement Manufacturing Corporation Case

CTS Cement Manufacturing Corp.

CYPRESS, CA - The Court of Appeal of the State of California affirmed an earlier ruling by the Los Angeles Superior Court of California against Ultimax Cement and its principal, Hassan Kunbargi, in their alleged trade secret misappropriation case against CTS Cement Manufacturing Corporation and Edward K. Rice.

In 2006, Ultimax Cement and Hassan Kunbargi filed suit in California Superior Court against CTS and its Chairman, Edward K. Rice, alleging unfair competition and misappropriation of trade secrets. The suit was a follow-up to a 2002 patent infringement case brought by Ultimax, alleging that CTS had infringed three of its patents and stolen its trade secrets. In a January 2008 ruling, the U.S. District Court had dismissed Ultimax's trade secret claim.

To read the complete article from For Construction Pros, please click here.

Europe's Weaker Laws Against Trade Secret Theft Means Corporate Espionage Often Goes Unpunished

Joseph V. DeMarco, DeVore & DeMarco LLP

Damage inflicted by the theft of a company's intellectual property by a rival or former employee is one of the most devastating events a business can suffer.
This powerful view has been recently reinforced by United States Attorney Preet Bharara, the top New York federal prosecutor, through a string of Wall Street-related cases.

Theft of IP damages the confidence of investors and can spark panic amongst shareholders. It has the potential to obliterate companies.
Prosecutions and convictions in the US clearly show that big firms and prosecutors are intent on cracking down on this kind of criminal activity.

In order to read the complete article from Business Insider, please click here.

August 25, 2011

Engineers convicted in corporate spy case sentenced to probation

By Ed Marcum

A federal judge Wednesday sentenced two Greenback engineers convicted of stealing trade secrets from Goodyear Tire and Rubber Co. to four years probation and 150 hours of community service.

Federal prosecutors had urged U.S. District Court Judge Thomas W. Phillips to give Clark Alan Roberts and Sean Edward Howley at least 10 months in prison, however the judge noted that neither man has a prior criminal history and both have ample family and community support.

In order to continue reading this interesting article from Knoxville News Sentinel, please click here.

Court affirms injunction in Affinia trade secrets case

Tire Business staff report

The U.S. Court of Appeals for the Sixth Circuit has affirmed a District Court order, granting a preliminary injunction against Satisfied Brake Products and its Vice President Robert Kahan for misappropriation of Affinia Group Inc. trade secrets.
Affinia's trade secrets allegedly were stolen by a former employee at Brake Parts Inc. (BPI), an Affinia company.

In issuing its order, the Appeals Court confirmed that Affinia's brake pad formulations are protected as trade secrets, according to an Affinia press release, and that Satisfied Brake obtained these secrets improperly through the payment to former Affinia employee David Lewis.

In order to continue reading this interesting article from Tire Business, please click here.

August 26, 2011

Fake goods, stolen secrets cost U.S. firms billions

By: JIM SPENCER
Minneapolis Star Tribune

An industrial spy tries to steal $20 million in trade secrets from Minnesota-based Valspar paints. The kingpin of a Houston-based drug counterfeiting ring makes millions plugging his fake pharmaceuticals into the pipeline of Britain's socialized medical system. In Washington, the Defense Department unwittingly buys and installs knockoff Cisco computer software to track troop movements.

The theft of intellectual property has grown into an organized crime wave that costs U.S. businesses up to $250 billion a year in lost revenue and pilfered ideas, officials estimate. The problem extends from charade Chanel perfume to pirated movies to bogus cancer drugs. It includes the theft and marketing of chemical formulas and designs for medical devices.

To read the complete article from The Republic, please click here.

About August 2011

This page contains all entries posted to The Trade Secrets Vault in August 2011. They are listed from oldest to newest.

July 2011 is the previous archive.

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